{"id":27054,"date":"2021-05-19T07:22:35","date_gmt":"2021-05-19T06:22:35","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=27054"},"modified":"2021-05-28T10:42:39","modified_gmt":"2021-05-28T09:42:39","slug":"isp-giganet-unveil-gbp250m-full-fibre-rollout-for-south-england","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2021\/05\/isp-giganet-unveil-gbp250m-full-fibre-rollout-for-south-england.html","title":{"rendered":"ISP Giganet Unveil GBP250m Full Fibre Rollout for South England"},"content":{"rendered":"

UK ISP Giganet (M12 Solutions) has today announced that they’ve started to build their own gigabit-capable Fibre-to-the-Premises (FTTP<\/a>) broadband network to 300,000 premises across poorly served parts of Hampshire, Dorset, Wiltshire and West Sussex, which is being backed by a \u00a3250m investment from Fern Trading.<\/p>\n

Until now Giganet, which has also unbundled some of BT<\/a>’s exchanges (e.g. Salisbury) in order to offer cheaper packages to local consumers, has tended to sell “full fibre<\/em>” broadband services by harnessing the wholesale solutions offered via established network operators, such as Openreach<\/a> and CityFibre<\/a> in different parts of the United Kingdom.<\/p>\n

NOTE:<\/strong> Fern Trading, which was advised by Octopus Investment on the deal, also backs a number of other full fibre builds from Jurassic Fibre, Swish Fibre<\/a> and Vorboss<\/a>.<\/div>\n

By comparison, building their own network is a much more demanding and expensive prospect, particularly given the huge number of competitive alternative network (AltNet) operators that have entered the UK market over just the last three years (Summary of UK Full Fibre Builds<\/strong><\/a>). Not to mention Openreach<\/a>’s plan to cover 25 million premises (here<\/a>) and Virgin Media<\/a>’s aspiration for something similar (here<\/a>).<\/p>\n

Nevertheless, Giganet has now identified a number of locations in Southern England where they think it’s worth the investment to build. However, rather than just announce a future plan and run the fibre to the press release gauntlet, they’ve instead begun to build at the same time as they unveil their project.<\/p>\n

Jarlath Finnegan, Giganet CEO, told ISPreview.co.uk:<\/strong><\/p>\n

“Together with Fern, Giganet now has the resources to quickly connect lots more customers across the UK. As an experienced provider, it is an exciting time for Giganet as we look to become the best performing ISP in the region, bringing people together like never before and creating sustainable high tech job opportunities for local people in the communities we operate in.”<\/p><\/blockquote>\n

Rob Skinner, Octopus Investments, added:<\/strong><\/p>\n

“We\u2019re really excited about Giganet\u2019s plans to bring full fibre connectivity to customers in need of an upgrade from slow copperbroadband. Working with Openreach<\/a> and CityFibre<\/a>, as well asbuilding its own fibre network in underserved areas, Giganet will be bringing a broadband service with a reputation for excellent customer service to a huge number of homes and businesses. We look forward to helping Giganet become one of the UK\u2019s leading full fibre ISPs.”<\/p><\/blockquote>\n

Over 200 new jobs<\/strong> are expected to be created in the regions Giganet is building in. The company’s original founders, Andrew and Matthew Skipsey, will also join newly appointed CEO, Jarlath Finnegan, and a strong senior leadership team, to deliver on the new growth plans. The provider has a lot of experience behind it and so their plans carry somewhat more credibility than some of the other projects we’ve seen.<\/p>\n

ISPreview.co.uk further understands that some of the first locations set to benefit are likely to include Wimborne<\/strong>, Ferndown<\/strong>, Ringwood<\/strong>, Fordingbridge<\/strong> and the communities between (i.e. mostly around the Dorset and Hampshire area). More information is expected to be published on this page in the future – https:\/\/home.giga.net.uk\/fullfibre\/ .<\/p>\n