Community Fibre gets £25 million funding boost for FTTH expansion in London

Monday, April 23rd 2018

Community Fibre, the full fibre ISP, which is working to bring fibre-optic connectivity across London, has received a funding boost from the government supported National Digital Infrastructure Fund (NDIF) by an £18 million investment. It has become the first company in the UK to get an investment from the NDIF. The company aspires to connect more than 500,000 premises across London with 2Gbps capable full-fibre broadband by 2022, if their rollout goes on track.


Apparently, this investment by NDIF is the first big investment in their aspiration to help support the rollout of both 5G mobile and full-fibre based ultrafast broadband networks across the country. The full-fibre ISP has already secured from Railpen a private equity participation for £11.3 million, before winning this pot of funding from NDIF. All said, these investments totalling £25 million, would help push their rollout of ultrafast broadband across London to reach 100,000 homes by 2019.


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