Harmony Networks has acquired Spring Fibre for £1.5 million. While Spring Fibre aimed for expansive growth, it faltered under financial strain, only connecting 12,000 premises out of a million.
BT’s financial report for the first half of 2024 reveals a 3% revenue decline due to the competitive retail market, while profits fell by 10% owing to heightened costs. On a positive note, BT’s fibre network now covers over 16 million UK households, bolstered by the rapid fibre deployment by Openreach.
Vodafone Spain and Telefonica have launched an ambitious FibreCo project, extending fibre networks to 3.6 million premises. With Telefonica holding a 63% stake and Vodafone 37%, this venture revolutionizes fibre access across the country.
Zen Internet and Freedom Fibre’s collaboration unveils robust full-fibre connectivity, revolutionizing business solutions. Utilizing Freedom Fibre’s XGS-PON network, Zen Internet offers high-speed broadband services, bridging the digital divide.
CityFibre’s recent strategic move to sell its ISP subsidiary, Lit Fibre, back to its original founders aligns with their focus on wholesale network provision. This decision reinforces CityFibre’s commitment to enhancing its robust full-fibre network.
Community Fibre, a leading UK alternative network provider, has secured £125 million from prominent lenders like JP Morgan and Alpha Bank. This investment will bolster their high-speed services, enhancing customer experience and expanding their fiber network reach in London.
CityFibre, the UK’s largest alternative network, has committed £150,000 to STEM Learning, bolstering STEM education through innovative initiatives targeting 80 schools in the Project Gigabit footprint. This funding aims to support computer science lessons and inspire students, especially girls, to engage in STEM careers.
Residents and business owners in Colne, Lancashire, will soon benefit from enhanced services thanks to UK full fibre broadband provider brsk. By investing in a new full fibre network, brsk aims to deliver symmetrical speeds of up to 2Gbps, enhancing connectivity for approximately 11,000 homes and businesses.
CityFibre, the UK alternative network provider, urgently seeks external funding to maintain pace against competitors like Openreach. Despite financial challenges, CityFibre reported impressive growth with a revenue surge to £99.67 million in 2023.
Vodafone Germany is revolutionizing its VoIP landscape by expanding fibre broadband to 11 million homes and businesses. This strategic move solidifies Vodafone as the operator of Germany’s largest fibre network. Leveraging partnerships with Deutsche Telekom and Deutsche Glasfaser, Vodafone promises 11 million new VoIP-enabled connections, enhancing connectivity options.
