Through a mixture of debt and equity, UK altnet G.Network has raised in excess of £1 billion (US$1.3 billion) to expand its "full fiber" rollout in London. A debt facility of £745 million ($997 million) was secured through four banks, which is contingent on passing "certain milestones." The UK's Universities Superannuation Scheme (USS), which reportedly has assets of around $67 billion ($90 billion), is in for almost £300 million ($402 million) in exchange for an undisclosed stake in the altnet. USS payments will be staggered over six years, also apparently in line with agreed targets. G.Network, according to the Financial Times (paywall applies), has so far passed 150,000 premises with fiber in London. With the meaty cash injection, however, the aim is to pass 1.4 million premises over the next five years.