12 January 2021
Wholesale fibre network provider Full Fibre has secured a financing deal with specialist infrastructure investment fund Basalt Infrastructure Partners that will see the company spread its wholesale fibre-only infrastructure to at least 500,000 additional premises by 2025.
The business said it will continue its focus on ‘forgotten’ market towns and areas, initially in the West Midlands, central and south west, that might otherwise be left behind by the national FTTP rollout.
This deal means Basalt takes a majority interest in Full Fibre and will provide both capital investment and additional management expertise in growing successful infrastructure businesses. This investment will augment and scale Full Fibre’s existing build capacity and is set to expand its lightning fast, gigabit fibre optic network to the first 100,000 premises in 2021 and at least 500,000 by 2025.
Full Fibre CEO Oliver Helm told Networking+: "Enterprises in Full Fibre’s target areas will soon be able to take advantage of incredibly reliable, high-speed internet access to future proof their communications and operational needs. Not only enabling them to better compete with their rivals, but to also source more cost-effective services thanks to a greater choice of suppliers, driving the TCO of full fibre products down even further into the future."