G.Network, a broadband internet provider focused on London, England, that mostly uses fiber optic lines, has entered administration (similar to a Chapter 11 bankruptcy) after a potential deal fell through because of rats. According to The Telegraph, the company was £300 million (more than $411 million) in debt and only had 25,000 paying subscribers. Community Fibre was considering acquiring the company’s assets, but decided against it after discovering that its cables suffered from extensive rodent damage. Biodegradable cable covering complicated matters, as they attracted rats.
“Rodents like ducts and they like fibers, which are very tasty,” Community Fibre chief Graeme Oxby told the newspaper. “It’s not something we’ve been particularly interested in because we think it’s got quite a lot of structural issues and would be quite an expensive fix.”
