{"id":34867,"date":"2023-06-27T17:18:19","date_gmt":"2023-06-27T16:18:19","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=34867"},"modified":"2023-06-27T17:18:19","modified_gmt":"2023-06-27T16:18:19","slug":"quick-summary-of-uk-fttp-broadband-builder-zzoomms-results","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/06\/quick-summary-of-uk-fttp-broadband-builder-zzoomms-results.html","title":{"rendered":"Quick Summary of UK FTTP Broadband Builder Zzoomm’s Results"},"content":{"rendered":"

Oxfordshire-based full fibre network builder and UK ISP Zzoomm<\/a> has today published a summary of their annual financial results, which among other things reveals that their FTTP<\/a> broadband network now covers (RFS) over 140,000 properties (2022: 38,000) and they’re home to over 12,000 (2022 3,700) customers.<\/p>\n

The operator, which aims to cover 1 million premises across 85 UK towns by the end of 2025, is currently still being fuelled by an equity investment of \u00a3100m<\/strong> from Oaktree Capital<\/a> (here<\/a>) and a \u00a3100m<\/strong> debt facility via an international banking consortium (here<\/a>). But like a fair few other alternative networks (AltNets), they also recently had to deal with a few job losses (here<\/a>).<\/p>\n

NOTE:<\/strong> Zzoomm<\/a>’s network is mostly found in parts of Berkshire, Oxfordshire, Herefordshire, Yorkshire, Staffordshire, Wiltshire, West Yorkshire and Cheshire in England.<\/div>\n

However, despite the current market pressures, the operator remains committed to its coverage targets and plans to ramp up their build. According to the provider’s CEO, Matthew Hare, Zzoomm<\/a>’s “rate of development is accelerating with our subscription revenue stream rapidly growing. One of our latest builds completed in early 2023 is already seeing our greatest customer demand<\/em>.”<\/p>\n

“We are ramping up our roll out programme and will commence building in more market towns and other urban communities. We expect to release more properties \u2018ready for service\u2019 in 2023 than all the prior three years combined. Our focus will be to leverage the opportunity to target smaller but higher potential locations where we can build and drive higher rates of customer penetration<\/em>,” added Matthew.<\/p>\n

Highlights from Zzoomm’s Results for 2022<\/strong><\/span><\/p>\n

\u27a4 Operating across 21 market towns and small urban communities<\/p>\n

\u27a4 During 2022 commenced network construction in: Great Ayton, Northwich, South Elmsall, Stokesley, Winsford, Congleton and Wombourne plus settlements surrounding on-going builds at Cannock, Crewe, Hereford and Northallerton<\/p>\n

\u27a4 Now completed build of networks in Crowthorne, Henley-on-Thames, Sandhurst, Thirsk & Easingwold<\/p>\n

\u27a4 Properties ready for service rapidly growing<\/p>\n

\u00b7 End of December 2022, circa 94,000 properties (2021: 10,000) ready for service with circa 6,300 (2022: 1,400 customers) contracted<\/p>\n

\u00b7 End May 2023, over 140,000 properties (2022: 38,000) ready for service and over 12,000 (2022 3,700) customers contracted<\/p>\n

\u27a4 Standout challenger brand, achieving a Trustpilot rating of \u201cExcellent\u201d, continues to be synonymous with excellent customer focus, transparency, quality of service and product reliability as well as connection speeds innovation<\/p>\n

\u27a4 Revenue jumped \u00a31.2m (2020: \u00a30.4m) as recurring subscription revenue began to pick up from customers across the country<\/p>\n

\u27a4 Operating loss \u00a312.3m (2020: loss \u00a38.15m) reflecting continued investment in accelerating the growth of the business<\/p>\n

\u27a4 Building continued and increased to the end of 2022; \u00a390.2m had been spent on network build as at 31 December 2022 (2021: \u00a325.5m as at 31 December 2021). This is in line with the Board\u2019s roll out plans.<\/p>\n

\u27a4 At the end of the year, the Group cash balance was \u00a318.3m (31 Dec 21: \u00a36.5m).<\/p>\n

\u27a4 Customer penetration rates growing – established networks now circa 30%<\/p>\n

\u27a4 Continued to draw funding from Oaktree Capital Management and debt facility from ING, Hamburg Commercial Bank and Kommunalkredit secured in 2022<\/p>\n

\u27a4 May 2023 – roll out to three new market towns announced, construction already underway. Now building in 12 market towns<\/p><\/blockquote>\n

Customers who take the residential service typically pay from \u00a329.95 per month for an unlimited 150Mbps (symmetric speed) package on a 12-month term with an included router, which goes up to just \u00a364.95 if you want their top 2Gbps tier (or \u00a339.95 for 900Mbps+). Most of their packages also discount the price for the first 3 months of service.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oxfordshire-based full fibre network builder and UK ISP Zzoomm has today published a summary of their annual financial results, which among other things reveals that their FTTP broadband network now covers (RFS) over 140,000 properties (2022: 38,000) and they’re home to over 12,000 (2022 3,700) customers.<\/p>\n","protected":false},"author":1,"featured_media":28754,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,34,1867],"class_list":["post-34867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-statistics","tag-zzoomm"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nQuick Summary of UK FTTP Broadband Builder Zzoomm's Results - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Oxfordshire-based full fibre network builder and UK ISP Zzoomm has today published a summary of their annual financial results, which among other things\" \/>\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\/06\/quick-summary-of-uk-fttp-broadband-builder-zzoomms-results.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quick Summary of UK FTTP Broadband Builder Zzoomm's Results - 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