{"id":33759,"date":"2023-02-20T15:35:10","date_gmt":"2023-02-20T15:35:10","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=33759"},"modified":"2023-02-21T16:06:48","modified_gmt":"2023-02-21T16:06:48","slug":"virgin-media-o2-uk-could-bid-gbp100m-for-full-fibre-isp-trooli","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/02\/virgin-media-o2-uk-could-bid-gbp100m-for-full-fibre-isp-trooli.html","title":{"rendered":"Virgin Media O2 UK Could Bid GBP100m for Full Fibre ISP Trooli"},"content":{"rendered":"

The parents of broadband, mobile and TV provider Virgin Media<\/a> (VMO2) are allegedly exploring the possibility of a \u00a3100m bid to takeover Kent-based ISP Trooli<\/a>, which is aims to deploy a gigabit-speed full fibre (FTTP<\/a>) network to 1 million UK premises by the end of 2024 (in August 2022 they reported 275,000 completed).<\/p>\n

The operator was originally supported by an investment of \u20ac30m from the Connecting Europe Broadband Fund<\/strong> (Cube Infrastructure Managers) and \u00a35m from NatWest<\/strong>. But this was given a huge boost in 2021 by a new \u00a367.5m debt facility agreement via a consortium of commercial lenders, facilitated by the CEBF (here<\/a>).<\/p>\n

As part of their rollout, Trooli<\/a> has been busy building their new Fibre-to-the-Premises<\/strong> (FTTP<\/a>) broadband network to serve a sizeable number of towns and villages in Derbyshire, Kent, East Sussex, Berkshire, Buckinghamshire, Cambridgeshire, Hampshire and Suffolk. The initial goal had been to reach 400,000 premises across around 300 towns and villages by Dec 2022, but it’s unclear whether that was achieved.<\/p>\n

But as we reported earlier this month (here<\/a>), Trooli<\/a> will need more investment to continue their rollout and there have recently been question marks over the level of take-up by consumers and appetite of investors to feed that plan. As a result, the provider has recently become the subject of intense speculation around the possibility of an equity sale or takeover by a rival provider.<\/p>\n

According to Sky News<\/a> today, a “substantial number of parties<\/em>” are now said to be examining offers for Trooli as part of a “formal auction process<\/em>“, which is still reportedly being handled by bankers at Lazard<\/strong>. One of those parties has been named as Virgin Media<\/a> O2<\/a> (or parents Liberty Global and Telefonica), although it could merely be more of a curiosity approach.<\/p>\n

ISPreview.co.uk queried the recent speculation with Trooli last month and a spokesperson confirmed they were in “various exciting conversations about our future growth<\/em>“, before adding that such talks were naturally confidential. But we were also told that they are planning to share more about their growth plans for 2023 and beyond “in the near future<\/em>“.<\/p>\n

At this point it’s worth noting that Virgin Media<\/a> is currently in the process of completing their long-running Project Lighting<\/strong> broadband network expansion, which has pushed their coverage – via a mix of FTTP<\/a> and Hybrid Fibre Coax (HFC) technologies – up to 16 million UK premises.<\/p>\n

However, VMO2 is also in the process of establishing a new joint venture (Nexfibre<\/a><\/strong>), which aims to build a wholesale focused full fibre (FTTP \/ XGS-PON) broadband network to cover “up to<\/em>” 7 million additional UK homes (here<\/a>) – staring with 5 million by 2026 (i.e. those homes not currently served by VMO2). Trooli’s network might conceivably be a good fit for this because the provider has, thus far, largely avoided overbuilding VMO2.<\/p>\n","protected":false},"excerpt":{"rendered":"

The parents of broadband, mobile and TV provider Virgin Media (VMO2) are allegedly exploring the possibility of a \u00a3100m bid to takeover Kent-based ISP Trooli, which is aims to deploy a gigabit-speed full fibre (FTTP) network to 1 million UK premises by the end of 2024 (in August 2022 they reported 275,000 completed).<\/p>\n","protected":false},"author":1,"featured_media":28200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,32,1869,475],"class_list":["post-33759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-o2","tag-trooli","tag-virgin-media"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nVirgin Media O2 UK Could Bid GBP100m for Full Fibre ISP Trooli - ISPreview UK<\/title>\n<meta name=\"description\" content=\"The parents of broadband, mobile and TV provider Virgin Media (VMO2) are allegedly exploring the possibility of a \u00a3100m bid to takeover Kent-based ISP\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2023\/02\/virgin-media-o2-uk-could-bid-gbp100m-for-full-fibre-isp-trooli.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virgin Media O2 UK Could Bid GBP100m for Full Fibre ISP Trooli - 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