This business provides fibre-optic broadband services that it says are 18 times faster than the average UK connection. The founders — university friends Dana Tobak, 50, and Boris Ivanovic, 49 — had previously started another internet service provider, Be Broadband, which they sold to O2 for £50m in 2006. They set up Hyperoptic in 2011 and two years later raised £50m from the billionaire George Soros through his Quantum Strategic Partners investment vehicle. Last year, the company raised £250m of debt from a consortium of banks, including Barclays, to extend its network to 50 more towns across the UK. Partnerships with more than 50 local councils helped boost sales to £26.9m in 2018.
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