Broadband ISP Brsk has today announced that the UK coverage of their new Fibre-to-the-Premises (FTTP) network, which spans across parts of Greater Manchester, Lancashire, West Yorkshire and the West Midlands in England, has grown from 100,000 premises passed in November 2022 to 150,000 today.
The operator, which last year secured a huge funding boost of “up to” £178 million (here), also holds a longer-term aim of passing 1 million homes by 2026, but they’ll require much more funding in order to reach that. Some of the locations where they’re currently deploying include Cottingley, Keighley and Bingley, Clayton, Allerton & Sandy Lane, Bradford, Queensbury, Thornton, Accrington and many more.
Back in November 2022 we very roughly estimated that Brsk was building at a rate of around 12,000 premises passed per month. But today’s announcement highlights how their pace of build has continued to accelerate, and they were thus able to pass 20,000 premises in February 2023 alone.
Advertisement
Brsk’s Chief Operating Officer, Ian Kock, said:
“This is a big feat for us, and we’d be lying if we said we weren’t proud. For us, our infrastructure build represents what’s possible when everyone in an organisation and its partners are aligned. We have one simple philosophy and that’s to always believe in ‘better’, and I can’t thank our team enough for pushing hard, every single day. We know that full fibre broadband is a game changer for homes and businesses and in many cases can even uplift and empower communities and local economies.”
Prices typically start from £25 per month for an unlimited 100Mbps symmetric speed package (inc. a free installation and router), which rises to £49 for their top 900Mbps package (it’s actually £45, but the £49 deal includes their Mesh WiFi solution for a change). In addition, there’s also a “guarantee” of “no price rises” during that term and most plans are currently running price discounts that last for the first 3-9 months of service.
I noticed Brsk announced Rubery last August but it has never appeared on their rollout map. I can’t see them bothering with Frankley as it is a DIG estate. They have planning up for parts of Northfield at least and should help break the VM monopoly there as no OR FTTP yet.
The £178m is a debt facility, with £103m drawn about the time it was announced. At the most recent accounts dated March 22, BRSK had about £35m of equity funding on their balance sheet. Obviously all concerned believe they’ll see their money again, but then again so do the investors and creditors across the whole altnet sector.
Maybe BRSK will be one of the survivors, but it’s pretty obvious that there will be sector consolidation, some businesses will go bust, others be restructured and some investors and creditors are going to lose out, the main question is who loses, and how much. All in all, looks like the Railway Mania all over again.