Another of Britain's military of 'altnet' broadband infrastructure suppliers is to hunt extra funding amid a tightening monetary squeeze on the business.

Sky News understands that AlixPartners and Houlihan Lokey, the restructuring companies, have been enlisted to work on a possible recapitalisation of Airband Community Internet, which serves counties together with Devon, Shropshire and Oxfordshire.

City sources mentioned Airband had been engaged on financing choices for a number of weeks and was prone to require a considerable injection of recent capital.

The firm is backed by Abrdn, the fund administration group, and Amber Infrastructure Group.

In November 2021 it introduced that it had secured a £100m debt facility, saying it might assist speed up Airband's rollout to 600,000 premises by 2025.

Airband couldn't be reached for touch upon Tuesday.

Its seek for new funding comes amid broader strains on the altnet sector.

Sky News revealed last month that Broadway Partners, a rural community builder in Scotland and Wales, had been pressured to name in directors.

Broadway had set an formidable goal of connecting 250,000 houses and companies by 2025, and insolvency practitioners at Teneo are actually working a course of to promote its enterprise or belongings.

Other fibre community builders which have sought new funding or consumers in latest months embody Trooli, one other mid-sized entrant.

The market is dominated by BT's Openreach division, but in addition contains giant rivals corresponding to CityFibre Holdings.