brsk bags further funding to support its ongoing FTTP rollout

14 Sep 2022

British pure fibre broadband provider brsk has secured additional funding of up to GBP178 million (USD207 million) to support its ongoing fibre-to-the-premises (FTTP) network rollout, ISPreview reports. It is understood that brsk has secured a GBP103 million debt investment from funds managed by Ares Management Corporation’s Infrastructure Debt strategy, with this new funding able to be upsized to GBP178 million over time to support future growth.

Alongside confirming the financial support for its deployment plans, meanwhile, brsk has also revealed further infrastructure expansion, saying that having added another 10,000 premises to its footprint this has brought the total number of homes and businesses covered to around 70,000; the company is focusing its rollout on parts of Greater Manchester, Lancashire, West Yorkshire and the West Midlands.

Commenting, Giorgio Iovino, co-Founder of Brsk, said: ‘We are delighted to welcome Ares as our new financing partner. This financing comes at an important time as we continue to invest in ramping up our build rate to expand our network and achieve our goal of one million premises passed … We will continue to upgrade areas that are reliant on outdated copper connectivity and deliver full fibre broadband with an outstanding customer experience.’

United Kingdom, brsk