{"id":36298,"date":"2023-11-13T09:37:34","date_gmt":"2023-11-13T09:37:34","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=36298"},"modified":"2023-11-13T09:37:34","modified_gmt":"2023-11-13T09:37:34","slug":"rural-isp-wessex-internet-get-35m-to-boost-uk-full-fibre-build","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/11\/rural-isp-wessex-internet-get-35m-to-boost-uk-full-fibre-build.html","title":{"rendered":"Rural ISP Wessex Internet Get \u00a335m to Boost UK Full Fibre Build"},"content":{"rendered":"

Gigabit broadband ISP and network builder Wessex Internet<\/a> has secured \u00a335 million of addition funding, including a Senior Debt Facility from Triodos Bank UK, which will be used to help fuel their deployment of a new Fibre-to-the-Premises (FTTP<\/a>) service across rural parts of Dorset, Wiltshire, Hampshire and Somerset in England.<\/p>\n

At present WI\u2019s existing network footprint is vaguely said to cover \u201ctens of thousands of homes<\/em>\u201d (some of this may relate to their older wireless broadband network), while their current business plan targets an \u201cadditional<\/em>\u201d 150,000 premises<\/strong> by 2027 through a combination of subsidised and unsubsidised capital investment.<\/p>\n

NOTE:<\/strong> Wessex Internet<\/a> is backed by majority shareholder abrdn, which is a global investment company that manages and administers \u00a3495.7bn of assets for clients.<\/div>\n

Majority shareholder, abrdn\u2019s third Infrastructure Fund, ASCI III, announced the successful completion of the latest funding process this morning, securing an additional \u00a335m in 2023 for the business\u2019s long term growth plans. This includes additional funding from the Existing Shareholders and a senior term facility from Triodos Bank UK, an institution specialising in sustainable and positive-impact finance.<\/p>\n

Hector Gibson Fleming, Wessex Internet<\/a> CEO, said:<\/strong><\/p>\n

“As company we remain committed to our vision to deliver full fibre broadband to underserved rural communities across the South West. This additional capital investment and senior debt facility enables us to continue to rapidly scale our operations and accelerate our roll out across Dorset, Somerset, Wiltshire and Hampshire. We are delighted to partner with Triodos, a bank that focusses on delivering positive change and shares our vision of removing the digital divide for our local communities.”<\/p><\/blockquote>\n

Prices for their full fibre packages usually start at \u00a329 per month for a 100Mbps (15Mbps upload) tier on a 12-month term and attract a \u00a349 one-off activation fee, although this only comes with a meagre 100GB data allowance. But the rest of their packages all include \u201cunlimited usage<\/em>\u201d and rise up to \u00a379 per month for their top 900Mbps (450Mbps upload) tier. Not the cheapest, but still a godsend for many as WI usually deploy in remote rural areas that lack FTTP<\/a> coverage.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gigabit broadband ISP and network builder Wessex Internet has secured \u00a335 million of addition funding, including a Senior Debt Facility from Triodos Bank UK, which will be used to help fuel their deployment of a new Fibre-to-the-Premises (FTTP) service across rural parts of Dorset, Wiltshire, Hampshire and Somerset in England.<\/p>\n","protected":false},"author":1,"featured_media":36300,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[471,465,56,38,1997,950],"class_list":["post-36298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-bduk","tag-dorset","tag-fttp","tag-politics","tag-uk-gigabit-programme","tag-wessex-internet"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/111402572609152565","error":""},"yoast_head":"\nRural ISP Wessex Internet Get \u00a335m to Boost UK Full Fibre Build - 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