UK Banks Tighten Lending to Alternative Broadband Providers Amid Sector Challenges
Major UK lenders NatWest and Lloyds are reportedly adopting more cautious lending approaches toward alternative broadband providers. The sector faces mounting challenges including high construction costs and slower-than-expected customer adoption rates, according to industry sources.
Banking Giants Restrict Funding to Broadband Challengers
Two of Britain’s largest banks have reportedly scaled back new lending to the UK’s alternative broadband sector, according to sources familiar with the situation. NatWest and Lloyds Banking Group, previously significant backers of the emerging fibre optic industry, are taking a more cautious approach to new clients amid sector-wide challenges.
