Community Fibre

Equity firm, Warburg Pincus and investment management group, DTCP have agreed to acquire a majority stake in London’s Community Fibre.

FTTH supplier to London, Community Fibre has secured an additional £50 million in funding from RPMI and Amber Infrastructure.

UK chancellor of the exchequer, Philip Hammond, confirmed in the 2018 budget report that £200 million will be allocated to fund full fibre broadband connections in harder-to-reach and rural areas across the UK. This will allow for testing of new approaches to fibre rollout in rural areas, with the Borderlands, Cornwall, and Welsh valleys said to be amongst the first areas to benefit.

Wandsworth Council has enabled 50 per cent of its council owned properties access to full fibre broadband via its partnership with Community Fibre.

Community Fibre has selected Adtran as its technology partner to deliver 10G residential and business services in the UK.

The UK government has released the findings of its latest research, which estimates a £9 billion turnover increase for local businesses in areas covered by its rollout of superfast broadband.