Investment

Freedom Fibre has secured a £100m commitment of scale-up funding, to facilitate its rollout of full fibre to over two million premises in the North West. 

Netomnia is beginning its first network build in a major city, investing £39m to rollout full fibre in Liverpool. 

Wholesale full fibre provider ITS Technology Group has secured a further £100m investment from current backer Aviva Investors as it seeks to accelerate the roll out of its full fibre network said to be on track to pass circa 25% of UK business premises by the end of this year.

Netomnia’s target to hit one million premises in the next two years has been boosted by £295m in new funding led by DigitalBridge Investment Management.

County Broadband now intends to pass half a million homes and businesses by the end of 2027, following £100m investment from Aviva Investors.

Fibrus has secured £220m from a consortium of banks, including the UK Infrastructure Bank, to fund its fibre rollout in Northern Ireland where it is investing £0.5bn to reach 330,000 premises.

Macquarie Group and the UK Government have confirmed a long-rumoured joint £12bn investment into sustainable infrastructure across the UK, including a commitment to boost gigabit broadband.

CityFibre’s recent financing round has risen to over £1.4bn following a further £300m equity investment from Mubadala Investment Company.

WightFibre has been allocated up to £9m from Building Digital UK (BDUK), the Digital, Culture, Media and Sport body responsible for ensuring that every UK home and business can access fast and reliable digital connectivity.

Truespeed has invested £9m to expand its full fibre network into north Somerset.