Hyperoptic

[4] Boris Ivanovic joined Tobak as co-founder and chairman of Hyperoptic,[5][6] with the pair having previously founded Be Broadband together in 2005, a business they later sold to O2 in June 2006 for £50 million.

[14] In November 2018, Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, acquired a minority stake in Hyperoptic.

[15] By November 2022, Hyperoptic had finally hit its milestone of passing one million premises - five years later than it had intended.

[16] In June 2023, it was announced 6% of Hyperoptic's workforce were facing redundancy, following a shift in focus from rolling out its network to connecting customers.

[16][19][20] In July 2024, a further £150m loan was secured from the UK Investment Bank (UKIB), bringing its debt facility to more than £1.1bn [21]