Truespeed revenues swell 40%

Mon, 9/06/2025 - 15:35
Truespeed

Truespeed’s annual accounts reveal that the altnet has built its full fibre network to over 109,000 premises with 24,000 customers connected.

This has spurred a 40% increase in revenue compared to 2023, rising to £9.27m from £6.63m. The altnet’s operating loss was reduced from £12.87m to £10.41m in the same period.

Truespeed has a facility from Aviva of up to £175m. The results read that directors expect continued growth in revenue and profitability as more customers join its network.