Hike funding

Connect Fiber Secures Funding for Full Fiber Rollout in East of England

UK ISP based in Cambridgeshire Connect fiber (Fiber Assets Ltd.) today obtained a “important» new investment from Foresight Group LLP, which will enable them to deploy a new gigabit-enabled Fiber to the Premises (FTTP) broadband network to cover 100,000 premises in the East of England.

We first reported on this provider in 2019 (here). At the time, they aimed to build – using XGS-PON fiber kit ADTRAN – a new open access fiber optic network (wholesale) in certain parts of the Cambridgeshire for other UK ISPs to operate and had already completed related construction in the small East Cambridgeshire village To reach (via local ISP partner Airline Broadband). But then the track got cold, until now.

The operator has now secured an undetermined amount of funding from the Foresight group and plan to use it for “accelerating the installation of a full fiber network across the East of England“, which aims to deliver broadband speeds of up to 1Gbps to more than 100,000 homes and businesses”currently served by an aging copper infrastructure.”

Anouska Morjaria, Investment Manager at Foresight, said:

“We look forward to supporting Connect Fiber in its mission to revolutionize fiber optic broadband connectivity across the UK. As evidenced by the pandemic, remote working and digital connectivity are essential to our modern lifestyles. Reliable, high-speed and accessible digital infrastructure is an integral part of the UK’s national infrastructure strategy. The management team has extensive experience in this area, and we are impressed with their ambition and progress so far. »

Stefan Stanislawski, CEO of Connect Fibre, added:

“We are delighted with the support received from Foresight. Connect Fiber builds all-fiber networks and provides our customers with high quality service at an affordable and competitive price. We strongly believe in our regional strategy and it starts with upgrading our first villages and towns.

Unfortunately, the ad doesn’t say much more than that, except to confirm what we already knew, that “Connect Fiber has already developed a full fiber network in the village of Reach“. In other words, they don’t seem to have gone any further than what was first achieved in 2019. The operator’s current website also remains as uninformative as it was in 2019, du less for now.

The additional funding will no doubt trigger real progress, although any alternate network (AltNet) arriving this late in the game is bound to be an uphill struggle as the fruit at hand is quickly claimed. Indeed, in the current climate, they will likely end up overcharging at least some competing FTTP providers, although the amount depends on their deployment plan.