Broadband in the UK is boosted by internet service providers

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UK based broadband service provider Truespeed announcement On Tuesday January 4, she secured a £ 100million ($ 135.2million) capital injection from global asset management firm Aviva Investors to connect more people in underserved places in the UK to super-fast broadband.

The new funding, which follows an initial £ 75million support from Aviva Investors in 2017, will help Truespeed accelerate the delivery of a ‘super-fast, gigabit-enabled fiber optic network’ to more homes and businesses in urban, semi-rural and ultra-rural areas. parts of southwest England, the country’s largest peninsula.

Commenting on the increase, Truespeed CEO James Lowther said this second installment of Aviva funding will allow the company “to significantly accelerate our deployment, allowing us to connect more customers to our ultra-fast fiber service. and ultra-reliable ”.

Lowther added, “We are now an established and rapidly growing employer in the region. [South West England] with a reputation for excellent staff training and personal development. It is a privilege to lead the company as we enter our next phase of growth. “

According to Sean McLachlan, Senior Director, Infrastructure, Aviva Investors, this additional funding reflects “our belief that the company [Truespeed] and its activities not only represent a wise investment, but also create significant social benefits for local communities across the country.

Founded in 2014, the Bath-based infrastructure provider and Internet service provider (ISP) works to help build the digital capacities of businesses and local communities in the struggling South West region of the UK. with slow and unreliable broadband.

Read more: Initiative aims for ‘future-proof’ high-speed Internet access

After sufficient demand in an area via online requests, the company decides to set up a Truespeed network by installing all-fiber infrastructure, such as underground cables, to connect the area to the internet.

Over the past year, Truespeed has expanded its footprint, reaching more underserved rural and urban communities. In January 2021, the firm was selected through a government-backed program to roll out full-fiber broadband in Devon and Somerset to more than 56,000 rural homes and businesses by 2024.

And in December, the company announced that it had started rolling out its network construction in Glastonbury, Shepton Mallet and Street, connecting more than 15,000 premises in those three areas to Truespeed’s network infrastructure. The company has also won contracts to build its all-fiber infrastructure in the heritage towns of Bath and Wells, and since 2014 has rolled out its network in more than 200 communities across the UK.

Truespeed isn’t the only ISP working to connect areas of the UK to super-fast broadband. Digital infrastructure provider Openreach, which has the UK’s largest broadband network, announced last April that it would invest more than £ 100million over 12 months to connect 100,000 premises in Northern Ireland, including those in rural areas, for its network.

Extending fiber-optic broadband to the whole of the UK has been a key part of Prime Minister Boris Johnson’s agenda, with his administration pledging to achieve universal fiber-optic broadband coverage across the country. ‘by 2025.

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