Aberdeen fund to take $271 million hit after broadband provider Airband’s collapse

British asset manager Aberdeen will take an about £200 million ($271.72 million) hit to one of its infrastructure funds following the collapse of UK broadband provider Airband, a source familiar with the matter said on Friday.

“Following a disciplined review of future funding requirements and risk-adjusted return prospects, we made ‌the difficult decision ⁠to cease ⁠further funding,” an Aberdeen spokesperson said.

Aberdeen declined to comment on the size ​of the write-off.