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UK altnets are still struggling to make ends meet and mounting losses mean the only alternative for the sector is consolidation...as soon as possible.
This is not a new concern; we have been debating the plight of the altnet for some time. But new figures from Enders Analysis show that altnets' overall accounting net losses widened to £1.5 billion in 2024 from £1.3 billion a year earlier. Things are getting worse.
Or as James Barford, Head of Telecoms at Enders Analysis, put it in a social media post on Monday, "failing operating models mean that understandable early stage 'start-up' losses have migrated to growing and persistent ongoing losses."
