KCOM has announced plans to invest almost GBP100 million (USD115 million) to develop its infrastructure across Hull, East Yorkshire and Lincolnshire as it looks to ‘give the region the fastest, future-proofed and most accessible full fibre broadband network in the UK’.
Outlining its intentions in a press release, KCOM confirmed that the investment total includes GBP62 million which will be spent on expanding its existing fibre-to-the-premises (FTTP) network to more than 50,000 more homes and business in 14 initial towns and villages across the region. KCOM noted that communities including Flamborough in East Yorkshire, Hunmanby, Stamford Bridge and Cayton in North Yorkshire and Caistor and Mablethorpe in Lincolnshire will be among the first phase of expansion, which it ultimately envisions will take its overall FTTP footprint to covering more than 350,000 premises.
Meanwhile, the company will allocate GBP10 million towards upgrading 14,000 properties in East Yorkshire that are currently lacking access to full fibre. In addition, GBP17 million will be spent on the replacement of its copper network in Hull with ‘an entirely new fibre network’, with GBP10 million to be invested in a long term upgrade of the telco’s existing fibre network to enable downlink speeds of 10Gbps.
Commenting, KCOM’s chief executive Tim Shaw said: ‘This GBP100 million investment is a statement of confidence in our business, our region and our future as we make our region one of the best connected in the UK and beyond. This will cement our reputation as a world class destination that’s not only a great place to live but also a place where high value digital and tech businesses can invest and thrive. This investment will be a major boost to the local economy creating dozens of skilled jobs and enhancing local supply chains.’