This is pretty exciting news! nexfibre is building at an unbelievable rate, and as of today, they’ve passed 1 million premises! That puts them as the fourth biggest “altnet” in the market. Now, to put this into perspective, the last update we wrote in February was 800,000 premises, so that means, in the space of six weeks, they’ve added an additional 200,000! If they continue at this rate, they will become the largest “altnet” much sooner than we think.
nexfibre is a joint venture between InfraVia Capital Partners, Liberty Global, and Telefónica. They have been vocal about their target of wanting to roll out Full Fibre to over 5 million homes by 2026. They operate solely as a wholesale network player, similar to Cityfibre and Openreach.
Comments from the leaders below…
Rajiv Datta, Chief Executive Officer of nexfibre, said:
“It’s thanks to the hard work of our team, our partners, and the commitment of our investors that we are able to mark this significant milestone on our path to reaching 5 million premises by 2026.
“And we’re just getting started. As we continue to accelerate activity, we remain steadfast in our commitment to delivering the high-quality digital infrastructure that has the power to create lasting value in the communities we serve.
“We firmly believe that we are building a platform to foster sustainable competition in the UK fibre market, that will drive innovation for generations to come.“
Data and Digital Infrastructure Minister Julia Lopez said:
“Slow connectivity not only hinders economic growth but also affects people’s quality of life. It is our mission to make sure nobody in Britain is held back by this, and this is why we are delivering the fastest connectivity on the market across the country.
“In addition to Project Gigabit, a government-funded £5 billion project targeting hard-to-reach areas, it’s fantastic to see the private sector investing on such a scale. Today’s milestone represents a huge vote of confidence in both the telecoms sector and the government’s plan for achieving nationwide gigabit capable connectivity by 2030.”
Lutz Schüler, Chief Executive Officer at Virgin Media O2, said:
“The build programme is delivering at pace and is underpinned by an ambitious plan that’s already extended fibre to one million new premises. In partnership with nexfibre, we remain focused on driving scaled, sustainable competition in the full fibre market, and bringing the benefits of next-generation gigabit services to millions more homes and business across the UK.”
Backed by Infravia Capital Partners, Liberty Global and Telefónica, nexfibre is well-capitalised and well-positioned to be a long-term wholesale operator, on a national scale. As such, nexfibre is set to play a key role in helping progress the government’s efforts to boost connectivity across the UK.
Hopefully, we can get Rajiv on the Fibrenews podcast soon so we can have a much deeper dive into this amazing network!
