{"id":35544,"date":"2023-08-30T11:40:30","date_gmt":"2023-08-30T10:40:30","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=35544"},"modified":"2023-08-30T11:40:30","modified_gmt":"2023-08-30T10:40:30","slug":"fibrus-covers-300000-uk-premises-with-full-fibre-and-tops-50k-customers","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/08\/fibrus-covers-300000-uk-premises-with-full-fibre-and-tops-50k-customers.html","title":{"rendered":"Fibrus Covers 300,000 UK Premises with Full Fibre and Tops 50k Customers"},"content":{"rendered":"

Infracapital-backed ISP Fibrus<\/a>, which is rolling out a new 10Gbps capable Fibre-to-the-Premises (FTTP<\/a>) broadband network across Northern Ireland and the North of England, has today revealed that their network now covers 300,000 premises (up from 250k in March) and is home to 50,000 customers (up from 36,000).<\/p>\n

Just to clarify that coverage figure a bit. Fibrus<\/a> might have built to 300,000 premises, but at present only 273,000 of those premises are considered to be in a Ready for Service<\/strong> (RFS) state. Given the 50,000 customers figure released today, this means that Fibrus<\/a> has a respectable 18.32% take-up rate on that RFS coverage figure (Fibrus<\/a> officially puts it at 19%, which is up from 15% in March).<\/p>\n

NOTE:<\/strong> Fibrus has attracted over \u00a3750m of committed capital, including \u00a3235m from investors, \u00a3220m from a banking consortium and the rest as public subsidy (e.g. \u00a3197m Project Stratum<\/strong><\/a> \u2013 85,000 premises by March 2025 in N.Ireland \u2013 and the \u00a3108m Project Gigabit contract for 60,000 premises in Cumbria, England \u2013 Hyperfast GB<\/strong><\/a>).<\/div>\n

The operator aims to cover 1 million premises over the next 3 years (by Q1 2026) \u2013 reflecting around 450,000 in N.Ireland (c. 50% of homes in the region) and the rest from England and Scotland. A total of 400,000 UK premises are currently expected to be covered by March 2024 (i.e. 150,000 in a single year).<\/p>\n

In order to fund this continued expansion, the company this week received an additional \u00a335m<\/strong> tranche of equity funding from its shareholder Infracapital, bringing its total investment in Fibrus to \u00a3150m.<\/p>\n

Colin Hutchinson, Fibrus Chief Revenue and Finance Officer, said:<\/strong><\/p>\n

“Connecting 50,000 customers is an important milestone in our mission to bring Full Fibre broadband to homes and businesses to rural and regional areas of the UK. It shows the momentum we are building in the market, having tripled our customer base in just one year. Our journey has become synonymous with bringing Full Fibre broadband to every corner of Northern Ireland, and our growth is accelerating as we continue our rollout and build our brand in northern England.<\/p>\n

We recently launched a new Total Home Wi-Fi product, teaming up with eero, an Amazon<\/a> company, to guarantee customers coverage in every room of the house. A new brand campaign features the Total Home Wi-Fi guarantee as one of three pillars of our value proposition, along with guaranteed speeds and our promise to never raise prices mid-contract.”<\/p><\/blockquote>\n

Fibrus also notes that, earlier this year, the first homes in the UK\u2019s first regional Project Gigabit procurement in Cumbria were connected in Aspatria with customer penetration exceeding 20% within one month of launch. The provider has also confirmed that it is planning to raise further equity and debt to fund its #R21M (road to one million) plan which also includes more Project Gigabit contracts.<\/p>\n

Customers of Fibrus typically pay from \u00a324.99 (discounted to \u00a319.99) per month for an unlimited 146Mbps (30Mbps upload) package with an included eero 6+ or eero Pro 6E router and free installation, which rises to \u00a344.99 (discounted to \u00a339.99) per month for their top 946Mbps (300Mbps upload) tier on a 24-month contract term. The service discounts may vary between different parts of their build.<\/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 ISP Fibrus, which is rolling out a new 10Gbps capable Fibre-to-the-Premises (FTTP) broadband network across Northern Ireland and the North of England, has today revealed that their network now covers 300,000 premises (up from 250k in March) and is home to 50,000 customers (up from 36,000).<\/p>\n","protected":false},"author":1,"featured_media":30488,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[474,444,448,1995,56,414,466,36,69],"class_list":["post-35544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-bt","tag-cumbria","tag-durham","tag-fibrus","tag-fttp","tag-northern-ireland","tag-northumberland","tag-ofcom-regulation","tag-bt-openreach"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nFibrus Covers 300,000 UK Premises with Full Fibre and Tops 50k Customers - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Infracapital-backed ISP Fibrus, which is rolling out a new 10Gbps capable Fibre-to-the-Premises (FTTP) broadband network across Northern Ireland and the\" \/>\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\/08\/fibrus-covers-300000-uk-premises-with-full-fibre-and-tops-50k-customers.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fibrus Covers 300,000 UK Premises with Full Fibre and Tops 50k Customers - 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