Kitz Forum
Announcements => News Articles => Topic started by: Bowdon on June 22, 2018, 09:57:19 AM
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https://www.ispreview.co.uk/index.php/2018/06/gigaclear-ceo-matthew-hare-exits-as-isp-aims-for-350k-fttp-premises.html (https://www.ispreview.co.uk/index.php/2018/06/gigaclear-ceo-matthew-hare-exits-as-isp-aims-for-350k-fttp-premises.html)
The CEO of alternative network ISP Gigaclear, Matthew Hare, has today announced that he is stepping down after 8 years of building Gigabit capable fibre optic (FTTP) broadband networks to rural parts of the UK. The company’s Chief Operating Officer (COO), Mike Surrey, will become its interim CEO.
Under Matthew’s stewardship the once tiny ISP has grown significantly and today their 1Gbps+ Fibre-to-the-Premises (FTTP) network covers more than 65,000 rural homes and businesses (c.25% take-up) across 20 counties in England. Many of those have stemmed from state aid supported contract wins as part of the Government’s wider Broadband Delivery UK scheme. The ISP now aims to cover over 350,000 premises by 2021.
Gigaclear’s progress has not gone unnoticed and earlier this year the M&G Investment Management fund made its move to purchase the ISP for £270 million, which was backed by the provider’s largest shareholder Infracapital (43.2% holding). The latter is also supporting TalkTalk’s £3bn plan to make FTTP/H available to 3 million UK premises.