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Funding will be used as part of a five-year strategy to challenge ‘big four’ telecoms providers
Zen Internet has announced that it has secured a £20 million financing deal from NatWest bank.
The funding will be used to accelerate business growth as part of a five-year intensive strategy to challenge the ‘big four’ telecoms providers.
The new revolving credit facility from NatWest will allow for significant investment into Zen’s network, infrastructure, people and product offerings.
CEO of Zen Internet Paul Stobart said: “As an organisation we will continue to focus on sustainable growth, rather than short term profit, ensuring that we do the right thing by our people, customers, and partners.
“A portion of the funding will be used to refinance debt, whilst the balance will be reinvested into our network infrastructure, people and product offerings.”