
Broadband ISP Zzoomm, which aims to cover 1 million premises in 85 UK towns with their gigabit-capable Fibre-to-the-Premises (FTTP) network by the end of 2025, have today announced that their rollout has now covered 150,000 premises (Ready for Service) across 29 locations – an extra 50,000 since February 2023.
The operator is currently being fuelled by an equity investment of £100m from Oaktree Capital (here) and a £100m debt facility via an international banking consortium (here). The operator’s network is mostly found in parts of Berkshire, Oxfordshire, Herefordshire, Yorkshire, Staffordshire, Wiltshire, West Yorkshire and Cheshire in England.
Customers who take the residential service typically pay from £29.95 per month for an unlimited 150Mbps (symmetric speed) package on a 12-month term with an included router, which goes up to just £64.95 if you want their top 2Gbps tier (or £39.95 for 900Mbps+). Most of their packages also discount the price for the first 3 months of service.
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Matthew Hare, CEO, said:
“Since February we have accelerated our build to add a further 50,000 homes and businesses to the Zzoomm network. The last 5 months have seen us evolve and plan for the future and we’ve added even more communities to our network expansion plans. Zzoommers past and present can be proud of their work in enabling these communities with fabulous, gigafast Full Fibre broadband.
As we continue to expand our network, we’re bridging the digital divide for the many residents and businesses living in underserved town; who now have access to some of the fastest broadband speeds anywhere in the world! Residents can order a symmetric Full Fibre service up to 2000Mbps with next day installation, subject to availability.
It’s fantastic to see take up of our services keep pace with build as we head rapidly towards 15,000 customers.”
However, like a fair few other alternative networks (AltNets), they have also recently had to deal with a few job losses (here).
150,000 premises ready for service and heading towards 15,000 customers equals 10% take up.
Surely they need much higher take up rate to make it viable?
Take-up takes time to grow, so you can only really gauge it after a network has been live in an area for 1-2 years. How much take-up you then need to be viable will also vary depending upon the cost of deployment and location. We must also remember that Zzoomm’s pace of build has only really picked up in the past year (e.g. adding 50,000 premises since Feb 2023), so most of their network coverage is still very new.
lets hope people will take it up. so far the service have been fine, no problems at all. Only been with them for just over two weeks.