Kitz Forum
Announcements => News Articles => Topic started by: gt94sss2 on July 30, 2020, 04:14:31 PM
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London-focused broadband ISP CommunityFibre has announced a major investment of £400 million to help fuel a huge expansion of their 10Gbps speed capable Fibre-to-the-Premises (FTTP) network across the UK’s capital city, which is being funded by global equity firm Warburg Pincus LLC and management group DTCP.
Until now the provider has been working to roll-out their own gigabit “full fibre” network to cover more than 500,000 premises by the end of 2022, which was supported by an initial investment pot of around £90m from private investors (e.g. Amber Infrastructure and RPMI Railpen) and Government backed schemes. So far they’ve already built to cover more than 100,000 premises (mostly large apartment blocks, such as social housing) and have plans tabled for 370,000.
However, the announcement means that Community Fibre will aim to roll-out their full fibre broadband network to 1 million London households and businesses by 2023 (i.e. homes usually get speeds of up to 1Gbps, while businesses can access the top 10Gbps service).
from https://www.ispreview.co.uk/index.php/2020/07/community-fibre-invest-400m-in-mass-london-fttp-fibre-rollout.html