brsk secures further £156m and eyes one million UK homes

brsk has secured an additional £156m debt investment from existing backers Ares Management.

This funding has been upsized from an initial £103m commitment and now totals £259 million.

The altnet’s footprint reaches 250,000 ready-for-service premises with its full fibre network across West Yorkshire, Manchester, the West Midlands and Lancashire. It has 14,000 customers currently signed up.

It hopes this funding will support its aim to reach the million-homes mark by 2026.

Giorgio Iovino, co-founder of Brsk said: “With support from Ares, our network has grown almost fivefold. Securing this funding is a significant milestone in clearing the runway to take full fibre broadband to 1 million homes.”