Wifinity, the wireless ISP, based in Kingston Upon Thames, has recently secured a debt finance facility of £1.9m from Santander Corporate & Commercial.

“It only took a few weeks to conclude this deal and we were very impressed how quickly the bank gained an understanding of our business model and finance needs. It is clear that they are putting their money where their mouth is in terms of supporting the British businesses,” explained Wifinity’s joint MD Aubone Tennant.

Alex Lynford, relationship director for Santander Corporate & Commercial in London, said: “We’re delighted to play a part in Wifinity’s growth. The company plays a key part in extending the reach of Wifi in the UK, especially to the country’s military personnel.”

The debt facility, which was arranged by LGF Partners, together with a further private equity investment of £500,000 allows the firm to continue its rapid roll out of wireless networks in the MOD and other large campus sites.

Wifinity already has the broadest reach of wireless networks in the UK military community but since the beginning of the year the company has also secured contracts to install wireless networks in 61 holiday parks round the country representing 32,000 holiday homes. Many of these are in remote rural locations with limited Internet connectivity where Wifinity’s “Pay As You Go” offering is very compelling for cost-conscious customers.

Wifinity supplies high-speed, reliable Internet access to troops in 65 MOD sites in the UK and Germany (including the Royal Military Academy Sandhurst). With no contract, no BT landline requirement and free installation, the company is the ideal choice for military personnel who are constantly on the move.

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