Soros logs on to ultra-fast broadband

A tiny London broadband provider with just 49 employees has secured heavyweight backing from George Soros in a plan to roll out ultra-fast broadband internet connections to half a million British homes.

Hyperoptic, founded in 2011 by Boris Ivanovic, a Serbian entrepreneur, claims to provide internet speeds of a gigabyte a second — 83 times as fast as the national average.

The privately owned business has completed a £50 million fundraising with the bulk of the money coming from Quantum Strategic Partners, a vehicle that invests on behalf of Mr Soros and his family.

via Soros logs on to ultra-fast broadband | The Times.