Grain’s mission to pass one million premises with its organic build took a significant step forward this week with the altnet securing a further £225m in investment from HPS Investment Partners. Here CEO Richard Cameron shares with Fibre Provider how the funds will be deployed, details how Grain hit EBITDA positivity at 40,000 customers and reveals his long-term roadmap to build a high-return business with 40% market share on its network.
Lightning Fibre CEO Stefan Stanislawski has shared details of the altnet’s new connections-focused strategy, following news of its change in ownership earlier this week.
Lightning Fibre has confirmed that it is under new ownership, having entered administration on the 19th of February.
nexfibre has published a quarterly rollout update confirming that 800,000 were ready for service on its network by December 2023.
Overall FTTP coverage was just over 15m premises at the end of Q1 2023, up from 13m at end-2022, according to the latest update from ThinkPoint.
The UK’s overall FTTP coverage was 13.7m premises at the end of 2022, up from 9.2m at end-2021.
Rugby MP Mark Pawsey recently visited CityFibre’s £17m rollout in his constituency, learning about the typical build process including excavation and reinstatement.
Fibre connectivity is now available to 50 per cent of Londoners, up from four per cent in 2017, according to the Mayor.
CityFibre added over one million ready for service (RFS) homes to its network in 2022, a 40% increase from last year.
Openreach’s £180m fibre network in Wales now addresses more than 600,000 homes and businesses.