Hyperoptic secures additional GBP 100 million funding

News Broadband United Kingdom 28 JUL 2017
Hyperoptic secures additional GBP 100 million funding

UK fibre broadband provider Hyperoptic has secured an additional GBP 100 million to help accelerate its network build. The funds are provided by a consortium of four European banks - BNP Paribas, ING, RBS and NIBC. 

Hyperoptic provides full fibre broadband in 28 towns and cities, with its network reaching 350,000 residential and business units. It plans to expand its network to 2 million homes and businesses by 2022 and 5 million by 2025. 

The investment comes as interest in full fibre - as opposed to BT's FTTC network - accelerates in the UK. The wholesale operator Cityfibre also just raised GBP 200 million to support its expansion, and the UK government has set up an investment fund worth GBP 400 million to support fibre deployments. BT's wholesale arm Openreach is currently assessing market interest in upgrading its network to FTTP on a wider scale. 

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Fixed,  Internet

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Hyperoptic

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United Kingdom

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Bearer technology, Company, Services, Network operations services, Fibre, Wireline, Internet Access, Consumer, Enterprise, Client, Finance, Financial funding

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