Industry Updates

'SAMENA Daily' - News

UK ISP County Broadband raise funds to build FTTH in East England

Alternative network ISP County Broadbandhas followed last year’s pilot roll-out of a new 1000Mbps (Gigabit) capable Fibre-to-the-Home (FTTH/P) service in the rural Cambridgeshire village of Broughton by securing an investment of £46m with Aviva Investors. Big plans for “full fibre” expansion ahoy!

Traditionally County Broadband has tended to focus more on deploying “superfast” Fixed Wireless Access (FWA) networks, which they’ve built to deliver services across various villages in Essex, Suffolk and Cambridgeshire (England). Nevertheless last year’s decision to go “full fibre” represented a significant shift in strategy, although at the time there was no indication of how their aspirations might be funded.

The good news is that in June 2018 they were finally able to close a deal with Aviva Investors, which has agreed to inject some £46 million of additional private investment into the provider in order to support their future FTTH roll-out strategy across the East of England. The ISP was supported in its bid for the funding by law firm Bircham Dyson Bell (BDB).



Source: https://www.ispreview.co.uk/index.php/2018/07/uk-isp-county-broadband-raise-46m-to-build-ftth-in-east-england.html

ATTENTION
LS2024 Banner