In a game-changing move, Voneus aligns with Broadway Partners, Cadence Networks, and SWS Broadband, facilitated by Macquarie Capital, IIF, and Tiger Infrastructure Partners, alongside a hefty £250 million investment. Known for boosting superfast broadband in underserved UK rural areas, Voneus’ ambitious scope partnered with Project Gigabit has proven an investment magnet. Phantom impacts of this colossal merger are yet to unfold, but Voneus sets its sights on servicing 350,000 premises across the UK in a dynamic shift in the telecommunications sector.
CityFibre has begun connecting homes in Buckinghamshire under Project Gigabit, showing progress as many smaller providers exit similar deals. The rollout is part of a larger government contract to expand fibre broadband, while other firms struggle to stay afloat in a tough market.
Project Gigabit, an ambitious initiative from the UK government, is rapidly enhancing the nation’s digital connectivity across rural locales. Recent updates from this £5 billion venture depict encouraging progress, with a significant leap in gigabit broadband coverage from 6% in 2019 to 81%. The project aims to extend this coverage to virtually every UK premises by 2030.