Home
 » ISP News » 
Sponsored

Full Fibre ISP Start-up toob Secure £75m Investment for UK Rollout

Monday, March 25th, 2019 (7:35 am) - Score 2,906
toob logo

A new Portsmouth-based ISP called toob, which we reported last month had been created by several of Vodafone’s former directors and planned to roll-out a 900Mbps capable Fibre-to-the-Home (FTTH) broadband network to 100,000 UK premises by the end of 2021 (here), has secured a huge investment of £75m.

The funding itself stems from the Amber Infrastructure backed National Digital Infrastructure Fund (NDIF), which is a commercial fund that is also being supported by the Government’s £400m Digital Infrastructure Investment Fund (DIIF). Both are focused on supporting the construction of alternative “full fibre” broadband ISP networks.

As we reported in February, toob aims to enter into the increasingly crowded market for providers seeking to “build and operate a full fibre network in towns and cities across the UK“. The operator also expects to make some use of Openreach’s existing cable ducts and poles to help deploy their network (Physical Infrastructure Access) and says they’d be willing to share access to this once built (provided it makes commercial sense to do so).

The provider also has a longer term ambition to expand its full fibre network to pass more than 1 million homes and business over the next 10 years, although that would require significantly more investment.

Nick Parbutt, toob’s CEO, said:

“We are delighted to be partnering with Amber Infrastructure and to have secured Charles as Chairman. toob now has the right people, the right plan and the right funding in place to capitalise on the exciting opportunity ahead of us. We want to enable families, businesses and communities to live, work and play in ways which are only made possible with the advent of gigabit broadband.”

Chris Hogg, Investment Director at Amber, said:

“We are delighted to be partnering with such an experienced team at toob. Nick, Mike, Charles and the team at toob have extensive telecoms and fibre experience and we are looking forward to accelerating toob’s fibre network deployment with our funding.”

Securing £75m before the provider has even built any infrastructure of its own is an impressive feat, which most likely reflects the high level of on-going investor attraction toward new UK fibre optic infrastructure and the confidence that Amber has in toob’s management team; almost all of which previously held senior positions within Vodafone’s UK fixed line and wholesale divisions etc.

On the other hand there’s clearly a risk here with so many new “full fibre” ISPs cropping up and seemingly choosing to target the same urban markets as so many others, including the larger players like Openreach (BT), Cityfibre, Virgin Media and Hyperoptic etc.

Sooner or later we’re going to see winners and losers from this fight (FTTP/H is expensive to do and the payback can take many years), which will inevitably be followed by some degree of consolidation. However it’s still early days and as yet we don’t know precisely where toob will seek to target or whether it can find enough skilled engineers / contractors to do the job (this remains a problem for most new operators).

Nevertheless toob aim to have their first customers connected by the end of 2019.

Add to Diigo
Tags: , ,
Mark Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
Leave a Comment
6 Responses
  1. Avatar Optimist

    Didn’t someone once say that the internet is a series of toobs?

  2. Avatar A_Builder

    Good luck to them.

    If nothing else it spurs OR and VM to higher activity and investment levels and provides price competition.

  3. Avatar Mike

    toob or not toob?

  4. Avatar Matthew

    Very good news it seems at this point only Sky is now maki g there own FTTP network.

  5. Avatar Gavin

    Where do I sign up/trial! Can’t wait to get out off talktalk 63MBPS Downstream speed and my 350mbps Virgin business line to get 1GBPS (even though there’s nearly £800 termination fee)

Comments RSS Feed

Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Cheapest Superfast ISPs
  • Hyperoptic £20.00 (*22.00)
    Avg. Speed 50Mbps, Unlimited
    Gift: None
  • Vodafone £22.00
    Avg. Speed 35Mbps, Unlimited
    Gift: None
  • TalkTalk £22.45 (*36.00)
    Avg. Speed 38Mbps, Unlimited
    Gift: None
  • Post Office £22.90 (*37.00)
    Avg. Speed 38Mbps, Unlimited
    Gift: None
  • Direct Save Telecom £22.95 (*29.95)
    Avg. Speed 35Mbps, Unlimited
    Gift: None
Prices inc. Line Rental | View All
The Top 20 Category Tags
  1. BT (2509)
  2. FTTP (2194)
  3. FTTC (1657)
  4. Building Digital UK (1604)
  5. Politics (1423)
  6. Openreach (1417)
  7. Business (1237)
  8. Statistics (1097)
  9. FTTH (1071)
  10. Mobile Broadband (1036)
  11. Fibre Optic (967)
  12. Ofcom Regulation (915)
  13. Wireless Internet (906)
  14. 4G (898)
  15. Virgin Media (856)
  16. Sky Broadband (595)
  17. EE (591)
  18. TalkTalk (578)
  19. Vodafone (517)
  20. Security (411)
Promotion
Helpful ISP Guides and Tips
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact