Community Fibre, which currently covers 1.3 million properties in London with up to 3GB full fibre, has seen an 85% increase in its customer base in the past 12 months as more people look to the planet for faster, more affordable fibre broadband.
Community Fibre is one of the “OG’s” within the altnet world, starting operations back in 2013 (way before the altnet boom). The company, which is backed by a finance facility of £985 million₁, also announced it has been Ebitda positive throughout Q2, news which was warmly welcomed by shareholders Warburg Pincus LLC, DTCP, Railpen and NDIF, and its lenders including recent backers JP Morgan and Barclays.
Graeme Oxby, Community Fibre’s CEO, said:
“Having successfully grown to become the largest 100% only full fibre network in London by far, we’re pleased to announce that more than 300,000 customers have chosen to join Community Fibre for lower prices, faster speeds and a better service.”
“The fact that so many customers have voted with their feet and moved from the large national providers to Community Fibre demonstrates the incredible success we are having. We believe our unwavering focus on consistently delivering the best products, at the lowest prices with the best service versus all comers is the rationale behind our success.”
Olaf Swantee, Chairman of Community Fibre said:
“The lenders and our shareholders share the view that Community Fibre’s momentum will further strengthen its position as the best and largest FTTH only provider in London.”
