Community Fibre Raises New Investment
Community Fibre secures Â£25 million investment to bring 1Gbps broadband to more than 500,000 premises across London by 2022.
15:48 24 April 2018
Community Fibre has raised £25million investment from the UK government supported National Digital Infrastructure Fund and UK pension investor Railpen, which has already previously put £11.3million of private equity investment into the project. The new round of investment will be used to rollout full-fibre ultrafast broadband connectivity to 100,000 homes in London 2019.
Jeremy Chelot, CEO of Community Fibre, said: “This investment shows full-fibre is the only way forward for ultra-fast connectivity. Community Fibre is the partner of choice to deliver high-quality, fast pure fibre connection, to deliver sustainable investment and to support Government policy across the UK. This funding takes us a step closer to have our full-fibre network available to social housing or private landlords in every borough in London.
Last month, we were ranked as the fastest Internet Service Provider in the UK and we have a track record of delivering quality service to all customers at truly affordable rates. In addition to the homes we are connecting, thousands of people will benefit from this investment through the community engagement and upskilling programmes we run on all our installment projects.”