{"id":34103,"date":"2023-03-29T11:44:42","date_gmt":"2023-03-29T10:44:42","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=34103"},"modified":"2023-03-29T11:44:42","modified_gmt":"2023-03-29T10:44:42","slug":"fibrus-bring-rural-uk-fttp-broadband-network-to-250000-premises","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/03\/fibrus-bring-rural-uk-fttp-broadband-network-to-250000-premises.html","title":{"rendered":"Fibrus Bring Rural UK FTTP Broadband Network to 250,000 Premises"},"content":{"rendered":"

Infracapital-backed broadband ISP Fibrus<\/a>, which is rolling out a new 10Gbps capable Fibre-to-the-Premises (FTTP<\/a>) network across both Northern Ireland and the North of England (Scotland will follow), has issued a progress update that reveals they’ve now covered around 250,000 premises and have 36,000 customers (take-up of c.15%).<\/p>\n

Just to clarify that a bit, Fibrus<\/a> actually puts the figure for the end of March 2023 as having passed 256,000 premises<\/strong> with 240,000 ‘Ready for Service<\/em>‘ (RFS), which is up from the 200,000 premises they reported at the end of December 2022. But the operator is aiming to reach a total of 1 million premises over the next 3 years (by Q1 2026), including around 450,000 premises in N.Ireland, with the rest from England and Scotland.<\/p>\n

NOTE:<\/strong> Fibrus<\/a> has attracted c.\u00a3700m of committed capital, including \u00a3200m from investors, \u00a3220m from a banking consortium and the rest as public subsidy (e.g. \u00a3197m Project Stratum<\/strong><\/a> – 85,000 premises by March 2025 in N.Ireland – and the \u00a3108m Project Gigabit contract for 60,000 premises in Cumbria, England – Hyperfast GB<\/strong><\/a>).<\/div>\n

The operator also appears to have revised its coverage targets for March 2024 to 400,000 premises (150,000 in a year), which follows the award of the government (Project Gigabit) contract in Cumbria and their resources focused on getting that project mobilized.<\/p>\n

On top of that, Fibrus has also increased its ambitions in Northern Ireland, forecasting that a higher number of its million homes target could be delivered in this region. As a result, they now expect to cover 450,000 premises across N.Ireland, which is approximately 50% of homes in the region (that’s up from their original goal of 350,000).<\/p>\n

The provider’s boss now believes that the main challenge for Alternative Networks (AltNets), like his, rests with the difficulty of attracting customers and building a brand. But so far, they appear to be going in the right direction and look to be in a stronger position than a lot of others.<\/p>\n

Dominic Kearns, Fibrus co-founder and CEO, said:<\/strong><\/p>\n

“To increase coverage by 150% in one year is an awesome achievement, but to do so whilst simultaneously driving our customer numbers fivefold is especially pleasing.<\/p>\n

The Fibrus brand is becoming trusted in the areas we serve, and this is no accident. We believe our focus on offering affordable prices, quality, and service. We know these factors make our customers happy and that\u2019s why people are joining Fibrus in their droves.”<\/p><\/blockquote>\n

Fibrus has promised never to raise customer prices mid-contract and, according to the CEO, this has prompted an influx of new customers escaping price hikes elsewhere. “The tide is going out and it\u2019s going to be interesting to see who\u2019s wearing swimwear<\/em>,” added Kearns. “If altnets aren\u2019t building at scale by now, the opportunity is dead for them but operating a scale network is significantly more challenging. … BT<\/a> is deploying every step in the incumbent playbook to kill off the smaller players<\/em>.”<\/p>\n

The reference to BT<\/a> above is partly a nod to the current drama over Openreach<\/a>’s proposed Equinox 2 discounts on wholesale FTTP<\/a> products and some of the controversial comments that were recently made by BT<\/a> Group’s CEO (here<\/a>). “Although retail is our focus right now, the Equinox pricing strategy should be a major concern for Ofcom<\/a><\/em>” said Kearns.<\/p>\n

Kearns continued: “BT threading the needle in terms of the regulation should not be their reason for letting this pass through \u2013 they need to actually listen to the market that they are there to protect. If Ofcom<\/a> does not recognise Equinox for what it is and waves through Equinox 2, that would be a massive call and I wouldn\u2019t like to be an altnet relying on wholesale to deliver my business case.<\/em>”<\/p>\n

Over the past twelve months, Fibrus has also invested in improving the resilience and capacity of its core network by removing reliance on third party providers and building a substantial backhaul network. The company also said it hoped the investment in network quality and customer experience will enable it to continue to grow penetration.<\/p>\n

Customers of Fibrus typically pay from \u00a339.99 (discounted to \u00a319.99) per month for an unlimited 150Mbps (30Mbps upload) package with an included router and free installation, which rises to \u00a359.99 (discounted to \u00a344.99) per month for their top 1000Mbps (300Mbps upload) tier on a 24-month contract term. The service discounts may vary between different parts of their build, and some can benefit from 3 months of free service.<\/p>\n

NOTE:<\/strong> Infracapital also owns or has stakes in Gigaclear<\/a>, Ogi<\/a>, Neos Networks<\/a> and WightFibre<\/a> etc.<\/div>\n","protected":false},"excerpt":{"rendered":"

Infracapital-backed broadband ISP Fibrus, which is rolling out a new 10Gbps capable Fibre-to-the-Premises (FTTP) network across both Northern Ireland and the North of England (Scotland will follow), has issued a progress update that reveals they’ve now covered around 250,000 premises and have 36,000 customers (take-up of c.15%).<\/p>\n","protected":false},"author":1,"featured_media":30600,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[474,444,1995,56,414,36,69],"class_list":["post-34103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-bt","tag-cumbria","tag-fibrus","tag-fttp","tag-northern-ireland","tag-ofcom-regulation","tag-bt-openreach"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nFibrus Bring Rural UK FTTP Broadband Network to 250,000 Premises - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Infracapital-backed broadband ISP Fibrus, which is rolling out a new 10Gbps capable Fibre-to-the-Premises (FTTP) network across both Northern Ireland and\" \/>\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\/03\/fibrus-bring-rural-uk-fttp-broadband-network-to-250000-premises.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fibrus Bring Rural UK FTTP Broadband Network to 250,000 Premises - 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