investment
The UK Infrastructure Bank has just announced a £35 million investment into Cornwall-based internet provider Wildanet. This injection of funds will support Wildanet’s efforts to bring superfast full fibre broadband to “hard to reach” locations in Cornwall. Wildanet is set to upgrade and expand its full fibre footprint to some of the hardest-to-reach homes and … Read more
CityFibre has fully automated its network infrastructure test environment, allowing for faster and more accurate testing of new products, technology changes, and software upgrades. This move enhances their ability to innovate and introduce emerging technologies efficiently. With the help of test automation leader Red Helix and a bespoke framework designed by IGXGlobal UK, CityFibre has … Read more
Hyperoptic has secured a £150 million commitment from the UK Infrastructure Bank (UKIB), increasing its committed debt facility to over £1.1 billion. This funding supports the government’s efforts to expand gigabit-capable broadband across the UK. Hyperoptic has already passed more than 1.73 million homes and connected 340,000 customers to gigabit-capable full fibre. The additional £150 … Read more
Great news for G.Network! London’s full fibre broadband provider has secured an additional £85 million in funding from its long-term equity investor, USS. This investment reflects G.Network’s progress in its mission to create a better-connected London. The company is hitting its targets, driving average revenue per user (ARPU) towards £50, thanks to its dense mix … Read more
Netomnia and Brsk, two of the fastest-growing altnets, have just announced a merger to establish a capital-efficient retail, wholesale and consolidation platform. Huge news! And as you’ll read on, some huge statements are being made too… To start, both networks have had success from both a build perspective and a penetration perspective. As it stands, combined, the two … Read more
Some exciting news in the industry today… BeeBu has announced its launch into the UK market! We’ve seen a few newcomers launch this year, but nothing on this scale (so you can see why I’m extra giddy). Here’s what you need to know: The brand is pretty on point. Modern, fresh, speaks to a young … Read more
More funding supplied to Quickline Communications from the Project Gigabit Scheme! has clinched its second contract under the government’s ambitious £5 billion Project Gigabit initiative. This latest achievement firmly establishes Quickline as one of the select few providers across England with multiple Project Gigabit contracts. Covering over 60,000 premises and backed by over £104 million … Read more
Freedom Fibre is making waves again, this time with the launch of the Freedom Fund, a community initiative aimed at supporting good and green projects throughout North Shropshire. With a hefty £25,000 set aside, this fund is slated to inject much-needed resources into local initiatives. Opening its doors for applications on Friday, 05 April 2024, … Read more
Gillian and Jeff Bailey, residents of Martin in Hampshire, are among the first in the New Forest to experience the lightning-fast benefits of ultrafast full fibre broadband courtesy of Wessex Internet, all thanks to Project Gigabit, the government’s initiative aimed at bringing top-spee full fibre broadband to remote communities. With a chunky £14 million investment … Read more
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