Broadband operator reveals UK rollout plan
After several announcements concerning the newly formed firm’s services, Nexfibre, the full-fibre broadband network operator, has now published its initial quarterly report of its UK rollout plan.
The company was created with a 4.5 billion pounds investment from Virgin Media O2 shareholders, Telefónica and Liberty Global, with InfraVia Capital Partners, the investment company.
It formed to construct the UK’s first challenger on a national scale to BT Openreach, creating market competition and boosting options for business and domestic customers.
The UK operator’s initial ambition is to roll out full fibre to around five million premises not presently served by the Virgin Media O2 network by the year 2026.
This plan includes the possibility to extend its coverage to another two million properties. It’s goal also includes having a fibre footprint that covers 80 per cent of the country when combined with specific plans for fibre upgrades, which will reach completion by 2028.
Nexfibre confirms that with the support of VMO2, it has the position and capital to become a wholesale operator long-term on the national stage. September this year saw the company announce that it was acquiring Upp, the full fibre alternative network operating in eastern England.
Now, with integration due for completion inside of 12 months, the operator will be investing over £350 million to pass over 500,000 premises in the region by 2026.
The new rollout plan highlights the progress that Nexfibre has accomplished since it was created towards its long-term goal to reach five million premises nationwide by 2026.