Financial Results

CityFibre has begun preparation for a financing exercise to grow its debt facilities according to its financial statements for the year ended 31st December 2023.

Hyperoptic revenues increased 19% from £78.7m to £93.4m in the year ended 31st December 2023, which saw the provider hit some significant milestones.

Gigaclear has reached 500,000 premises ready for service and 100,000 customers connected, according to its latest financial results, for the year ended December 2023.

Commsworld reported a 45% rise in adjusted EBITDA and a 28% increase in turnover, spurred by its public sector wins.

Openreach’s FTTP network now passes 15 million premises according to its latest trading update.

Openreach’s FTTP build rate accelerated to one million premises passed in Q4, up from 950,000 in the last quarter, spurred by a record 78k homes passed per week.

Virgin Media O2’s total serviceable fixed network footprint increased by 194,000 FTTP homes in Q1 2024, with Nexfibre having hit the one million premise milestone in mid-April.

Virgin Media O2’s Q4 results reveal that it delivered 833,100 additional serviceable premises on its fibre network during the 2023 financial year.

Openreach has accelerated its FTTP build rate to 73k per week, delivering a record 950k premises passed for its Q3.

CityFibre generated £100m in revenue during 2023 and delivered more than one million premises ready for services.