The telecoms behemoth jointly owned by Liberty Global and Telefonica is among the parties pursuing offers for Trooli. Which aims to connect one million households by the end of the following year.
Virgin Media O2 and its shareholders are pondering a Trooli takeover.
In a formal auction, Liberty Global and Telefonica’s telecoms giant is among many parties evaluating Trooli bids.
According to industry sources, any offer would presumably exceed £100 million.
Trooli is considering a sale amidst mounting pressure on the avalanche of the alternative network – or latent – providers that have emerged over the past decade as part of efforts to transform the communications infrastructure of the United Kingdom.
The market is dominated by BT’s Openreach division, although CityFibre Holdings is also a significant player.
Trooli focuses on rural and semi-rural postcodes, connecting fiber broadband to homes in counties such as Berkshire, Dorset, and Kent.
It has previously set a goal of one million premises by the end of the following year, but it is unclear whether this objective is still attainable.
Many of the lesser ailments have been hindered on their path to profitability by rising costs, supply chain issues, and labor shortages.
In August 2021, Trooli raised nearly £70 million in senior debt to support its expansion.
It is believed that its shareholders make up the majority of its management team.
Virgin Media O2 has expressed interest in buying Trooli through Lazard investors.
According to an insider, it is still conceivable that the business could be acquired through Nexfibre, the joint venture of the behemoth’s shareholders.
Infravia, an infrastructure investor, also holds a portion of Nexfibre.
On Monday, a Virgin Media O2 representative declined to comment.
