Community Fibre Doubles its Target for FTTP Broadband in London
Community Fibre has announced that it has doubled its network coverage target for London to 2.2 million premises by 2024. The London-based broadband provider, which previously had a target of one million premises by the end of 2023, has already connected over 435,000 premises to its FTTP network and the new target will mean that it will ultimately cover 61.1 per cent of homes in London.
Graeme Oxby, Chief Executive Officer at Community Fibre, said: “The last two years have been a challenge for everyone, which is why it is more important than ever that we are focused on giving the communities in London the connectivity they need. We have seen significant progress in our roll-out and will be continuing to ramp this up in the next three years, bringing our 100 per cent full fibre broadband to almost two thirds of London’s citizens and businesses."
"We are working closely with landlords and councils to install better broadband across London and we have increased our commitment to making London gigabit-capable. Community is at the heart of everything we do. Everyone deserves fast, high-quality broadband at affordable prices.”
Community Fibre is a startup which has financial backing from Deutsche Telekom AG investment arm DTCP and private equity outfit Warburg Pincus LLC. To date the company's main financial backers have committed up to £400 million to its FTTP rollout.
Sadiq Khan, Mayor of London also commented on the announcement: “I welcome Community Fibre’s additional investment in our digital infrastructure, which will give Londoners faster Internet speeds and support new jobs and growth. It forms part of wider plans led by my Digital Inclusion Taskforce to bridge the digital divide through reliable and affordable connectivity, access to devices, and skills training.”
Community Fibre's rollout process involves utilising existing physical broadband infrastructure, such as ducts and poles, to deploy its fibre network. Through this approach, the company seeks to minimise the disruption caused by its network builds.
