5 Nov 2019
UK-based ISP Zen Internet has begun an expansion programme with a view to extending the availability of its services to 80% of the country. According to the Financial Times, the ISP’s plans to expand coverage come after British bank NatWest extended it a GBP20 million (USD26 million) revolving credit facility. These funds, it has been claimed, will be used to install its own equipment in a further 250 telephone exchanges – such work would reportedly increase the number of exchanges in which Zen has its own unbundled equipment to around 700. According to Zen’s CEO, Paul Stobart, the addition of the new equipment would mean Zen being able to reach around 80% of homes and businesses. Meanwhile, with the company currently understood to have around 80,000 customers on its books, it is reportedly hoping to increase this to around 250,000 on the back of its coverage expansion.