Aberdeen: Further Funding of Airband Ceased Following Review

08:58 AM EDT, 08/28/2026 (MT Newswires) -- Aberdeen Group (ABDN.L) told MT Newswires on Friday it decided to cease further funding of British broadband provider Airband following a "disciplined review of future funding requirements and risk-adjusted return prospects." The statement comes after London's Financial Times reported that an Aberdeen fund, as well as Airband's lenders HSBC (HSBA.L) and Lloyds Banking Group (LLOY.L), are expected to take losses following Airband's administration and sale to Macquarie-backed Voneus amid headwinds in the alternative network sector. "While the situation remains challenging, this investment was one part of a diversified portfolio which has otherwise performed strongly and is currently expected to deliver positive returns to fund investors overall, notwithstanding the ultimate outcome of Airband," Aberdeen added. The fund first invested in Airband in 2020 and has infused 200 million pounds sterling. HSBC said it does not comment on individual clients, while Lloyds declined to comment.