UK taxpayers exposed with creditors set to take over struggling broadband provider

Creditors including the taxpayer-backed National Wealth Fund, NatWest and Lloyds are set to take control of heavily indebted rural broadband provider Gigaclear after a failed sale process, highlighting mounting distress across the UK altnet fibre sector as lenders move decisively to protect value amid more than £9bn of industry-wide debt and recent administrations such as G.Network.

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