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Author Topic: London FTTH Broadband ISP Community Fibre Raises Extra £25m  (Read 722 times)

Bowdon

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London FTTH Broadband ISP Community Fibre Raises Extra £25m
« on: April 23, 2018, 10:28:42 AM »

https://www.ispreview.co.uk/index.php/2018/04/london-ftth-broadband-isp-community-fibre-raises-extra-25m.html

Quote
The UK government supported National Digital Infrastructure Fund has made its first big investment by putting £18m into Community Fibre, which aspires to bring 1Gbps “full fibre” broadband to more than 500,000 premises across London by 2022. Existing investor Railpen has also put in £7m.

At the time of writing Community Fibre expects to have extended their Gigabit capable FTTH/P broadband network to around 60,000 homes in London by the end of 2018 (mostly council / social housing) and in total they’ve already contracted to build 150,000 of their 500,000 aspiration.

The ISP has already secured £11.3m of private equity investment from Railpen (UK pension investors) to help support this and now they’ve won another lot. In keeping with that the new round of investment (£25m total) is expected to help facilitate their roll-out of full-fibre ultrafast broadband connectivity to 100,000 homes in the city by 2019.
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