Truespeed expands South-west England fibre network
The provider has leveraged XGS-PON technology from Adtran, and aims to pass half a million properties by 2025.
The provider has leveraged XGS-PON technology from Adtran, and aims to pass half a million properties by 2025.
The move brings the infrastructure investment firm’s EIFII fund investments to more than €800m.
The financing comes from a group of six bank lenders and will help towards Netomnia’s fibre build acceleration in the UK.
The UK communications regulator says that it received a number of responses to the proposed pricing, some of which “raise issues” around competition that “require further assessment.”
The UK-based provider secured the funding through a £110m bank facility, with an initial tranche of £40m from Nord L/B.
The German fibre network provider will leverage the network to enable sustainable business growth while managing costs and environmental considerations.
The move comes after the fibre provider passed 600,000 premises on its fibre optic network.
Ofcom says that this is thanks to competition and investment from network builders.
The UK fibre providers, owned by Fern Trading, are merging to help accelerate full-fibre delivery in the country.
The UK fibre provider has selected passive muxes paired with DCP-F amplifiers and 400G optics from Smartoptics for the upgrade.
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