Hull-based telecoms provider KCOM is looking to invest approximately GBP100 million (USD131 million) on the expansion of its full fibre broadband network. In a press release regarding its plans, the telco revealed that, having completed the rollout of fibre-to-the-premises (FTTP) technology to around 200,000 premises across Hull and East Yorkshire last year, it is now looking to ‘push beyond the company’s traditional boundaries to tens of thousands more homes and businesses’. KCOM has said its expansion plans are the first phase of a wider programme of investment to increase regional fibre accessibility, supported by its new owner, MEIF 6 Fibre Limited, a wholly owned subsidiary of Macquarie European Infrastructure Fund 6 SCSp – an investment fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited.
Commenting on the future endeavours, KCOM chief executive Dale Raneberg was cited as saying: ‘I’m delighted to announce the first phase of our new, ambitious plans to bring our award-winning broadband to many more homes and businesses in East Yorkshire and North Lincolnshire. By investing to develop and expand our networks we hope to deliver benefits to residents through infrastructure that will also underpin growth and innovation across the region … This new programme will more than double our investment in [FTTP].’