Spring Fibre secures funding for FTTP rollout

26 Sep 2022

Another company with ambitions for a wide-scale rollout of full fibre technology in the UK has emerged, with Spring Fibre reportedly aiming to reach more than one million premises. According to ISPreview the new provider has announced that it has secured an investment of ‘up to’ GBP155 million (USD168 million) from investment management company River and Mercantile’s (R&M’s) Infrastructure business, to support a plan to build a new 10Gbps-capable fibre-to-the-premises (FTTP) network which will reach one million homes and businesses in England.

Commenting, Spring Fibre CEO Rosalind Singleton said: ‘We are delighted to commence this partnership with R&M which shares our vision of building first class sustainable networks and long-lasting relationships. FTTP rollouts across the country are still not matching customer demand or covering enough locations. We are confident we can expand and accelerate access in areas that would benefit most and expect our first homes to be live within the next six months, with many more to follow.’

United Kingdom, Spring Fibre