CityFibre has set a £4 billion nationwide investment program to expand benefits of a full fibre rollout to an additional 216 towns and villages. The locations which have been selected will see CityFibre extend its networks to much smaller conurbations.
This new development will reach in excess of 3 million homes, and represent more than £1.5 billion in private investment. This will become the largest independent investment in the UK’s digital infrastructure for a generation, with such a large budget assigned.
This is made possible due to the favourable regulatory environment established by Ofcom. Hence there is encouragement to infrastructure competition, making it quicker and easier to deploy Full Fibre networks.
Also, Ofcom’s imminent market review will support competition in the sector as the key to investment. This will substantially help the industry to accelerate and meet the UK Government’s 2025 target.
Further opportunities by CityFibre are under evaluation, for expanding its nationwide rollout ambitions. This could entail the extension of more of its existing build projects, as well as possible participation in the BDUK rural programme.
CityFibre’s strategic partners TalkTalk, Vodafone, and Zen are already targeting the rapidly expanding footprint and a growing number of regional and local ISPs are offering affordable, reliable and symmetrical gigabit-speed Full Fibre broadband.
The network currently passes approximately 650,000 homes and momentum from Internet Service Providers (ISPs) joining the network has continued to grow with 14 now signed, mobilizing and selling.