Tuesday, July 14, 2020

KCOM invests further £100m in full fibre broadband

KCOM, the Hull-based broadband and comms provider, is investing a further £100 million to expand its full fibre broadband network.

The expansion, which follows last year’s full fibre broadband rollout to some 200,000 properties across the region, will go beyond the company’s traditional boundaries to tens of thousands more homes and businesses.

“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,” said Chief Executive Dale Raneberg.

The expansion plans are the first phase of the company’s wider programme of investment to increase regional fibre accessibility, supported by its new owner, MEIF 6 Fibre, a wholly-owned subsidiary of Macquarie European Infrastructure Fund 6 SCSp which acquired the company in August 2019.

The plans support the Government’s goal to make gigabit-capable connectivity available nationwide. Just 11 per cent of UK properties currently have access to full fibre broadband.

Digital Secretary Nicky Morgan said: “We want every corner of the country to benefit from world-class, gigabit-speed broadband, so I welcome this big investment from KCOM to give more businesses in Yorkshire and Lincolnshire the opportunity to take advantage of the fastest internet connections.”

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