Home
 » ISP News » 
Sponsored Links

London Full Fibre Broadband ISP G.Network Get £85m Funding Boost

Thursday, Jun 27th, 2024 (10:22 am) - Score 1,400
gnetwork fttp build xgs-pon 10gbps

Alternative network and UK ISP G.Network, which is building a Multi-Gigabit capable Fibre-to-the-Premises (FTTP) broadband network across parts of London (here), has today announced that they’ve agreed with USS, their long term equity investor, access to additional funding of £85 million to support their “next phase of growth“.

The provider, which is estimated to be live across around 250,000 to 300,000 premises in London, last received a funding boost from USS almost a year ago when the same investor committed “up to an additional£150m (here) to help support their continued operations and expansion (the build programme resumed, after a long pause and some job cuts, in February 2024 – here).

G.Network claims that their “business is performing well and successfully executing against its strategic plan of creating a better-connected London, delivering improvements in revenues, productivity and customer service“. For example, the operator highlights how they’re driving blended ARPU towards £50 due to the “dense mix of affluent consumers and businesses served” by their FTTP network in central London.

The operator next plans to develop their B2B retail and wholesale business, while also building more fibre network with their Strategic Partners, such as Boldyn Networks. This network development will include fibre infrastructure to support small cells for mobile operators, CCTV and other smart city applications.

On top of that, they will also continue to make switching to fibre easy for customers by partnering with landlords and developers to pre-wire flats and office blocks across the network, where possible.

Kevin Murphy, CEO, said:

“It is an exciting time to be at G.Network as we continue to build momentum in terms of our operational and financial performance. Our vision to build a better-connected London is coming to fruition and would not have been possible without the ongoing investment and support of USS, who, along with the whole team, are looking to G.Network’s future with confidence”.

Residential customers of G.Network typically pay from £19 per month for a 150Mbps (50Mbps upload) service on a 24-month term with free installation (£24 thereafter), which rises to £30 for their top 900Mbps plan (£35 thereafter). Shorter 12 and 1 month contracts are also available, albeit at extra cost, and a symmetric speed 900Mbps plan also exists.

Share with Twitter
Share with Linkedin
Share with Facebook
Share with Reddit
Share with Pinterest
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 X (Twitter), Mastodon, Facebook and .
Search ISP News
Search ISP Listings
Search ISP Reviews
Comments
1 Response
  1. Avatar photo confused says:

    I have wondered why they can’t supply asynchronous down and upload if they are deploying fibre? Community Fibre seems able to do it. 920 down AND up.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment moderation is enabled. Your comment may take some time to appear.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NOTE: Your comment may not appear instantly (it may take several hours) due to static caching or random moderation checks by the anti-spam system.
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.
Cheap BIG ISPs for 100Mbps+
Community Fibre UK ISP Logo
150Mbps
Gift: None
NOW UK ISP Logo
NOW £25.00
100Mbps
Gift: None
Virgin Media UK ISP Logo
Virgin Media £26.00
132Mbps
Gift: None
Vodafone UK ISP Logo
Vodafone £26.50 - 27.00
150Mbps
Gift: None
Plusnet UK ISP Logo
Plusnet £27.99
145Mbps
Gift: None
Large Availability | View All
Cheapest ISPs for 100Mbps+
Gigaclear UK ISP Logo
Gigaclear £17.00
200Mbps
Gift: None
Community Fibre UK ISP Logo
150Mbps
Gift: None
BeFibre UK ISP Logo
BeFibre £19.00
150Mbps
Gift: None
YouFibre UK ISP Logo
YouFibre £22.99
150Mbps
Gift: None
Hey! Broadband UK ISP Logo
150Mbps
Gift: None
Large Availability | View All
The Top 15 Category Tags
  1. FTTP (5706)
  2. BT (3562)
  3. Politics (2595)
  4. Openreach (2340)
  5. Business (2316)
  6. Building Digital UK (2273)
  7. FTTC (2060)
  8. Mobile Broadband (2036)
  9. Statistics (1825)
  10. 4G (1722)
  11. Virgin Media (1671)
  12. Ofcom Regulation (1490)
  13. Fibre Optic (1422)
  14. Wireless Internet (1415)
  15. FTTH (1383)
Promotion
Sponsored

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