Plans by two high-frequency trading firms to build huge telecoms towers in the Kent countryside have been rejected by a local council after objections by residents.
Last week, local authorities in the county said that building the towers would have a material impact on the "heritage significance, landscape character and appearance" of the local area, and as a result should be refused. It now appears those concerns have been heeded.
Last year, Vigilant, a telecoms company owned by high-frequency trading firm DRW Trading, submitted plans to build a 320-metre tall tower to allow what it calls "a new communications point between the UK and Europe" which will have a "completely unobstructed" line of sight both optically, and for radio waves.
That tower would have been the sixth tallest structure in the UK, and exceeded the height of the tallest building, the Shard in London, by at least ten metres. Currently, the tallest structure in Britain is the Skelton Mast in Cumbria, which is 365 metres high. Vigilant Global, which is based in Canada, initially put forward plans in August 2015.
The towers need to be as tall as possible so that they can transmit microwaves with no obstructions, and as a result can be some of the tallest structures on earth. A diagram from Vigilant shows this:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.