{"id":37554,"date":"2024-03-18T10:43:31","date_gmt":"2024-03-18T10:43:31","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=37554"},"modified":"2024-03-18T11:07:37","modified_gmt":"2024-03-18T11:07:37","slug":"airband-secure-additional-investment-for-uk-broadband-rollout","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2024\/03\/airband-secure-additional-investment-for-uk-broadband-rollout.html","title":{"rendered":"Airband Secure Additional Investment for UK Broadband Rollout"},"content":{"rendered":"<p>Good news. Broadband ISP <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/airband\" rel=\"nofollow\" target=\"_blank\">Airband<\/a>, which previously aimed to cover 400,000 UK premises in rural areas via a mix of fixed wireless access (FWA) and full fibre (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a>) networks by 2026, has today announced that they&#8217;ve secured additional investment from abrdn to &#8220;<em>accelerate rural broadband expansion<\/em>&#8221; across West of England.<!--more--><\/p>\n<p>The operator, which recently came through a period of restructuring that disrupted some builds and caused a few redundancies (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/03\/airband-accounts-give-context-to-recent-uk-fttp-build-slowdown-and-job-cuts.html\">here<\/a> and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/01\/airband-restructuring-puts-pressure-on-jobs-and-uk-fibre-build.html\">here<\/a>), has spent the past few years expanding their network across multiple UK counties, including parts of Wales, the South West, the Midlands, Cheshire and Oxfordshire. As part of that they\u2019ve also scooped up various state aid funded contracts, such as around Shropshire, Devon and Somerset.<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> According to the Amber Infrastructure Group\u2019s update in July 2023 (<a href=\"https:\/\/www.amberinfrastructure.com\/news\/press-releases\/2023\/amber-and-abrdn-announce-completion-of-buy-out-of-stake-in-airband\/\">here<\/a>), <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/airband\" rel=\"nofollow\" target=\"_blank\">Airband<\/a>\u2019s network had reached over 290k Homes Passed (of which 215k <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a> and 76k FWA).<\/div>\n<p>The good news today is that <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/airband\" rel=\"nofollow\" target=\"_blank\">Airband<\/a> has announced that its majority shareholder, abrdn, have &#8220;<em>committed significant further capital to support its commercialisation effort<\/em>&#8220;. To date, abrdn has invested over \u00a3200m to growing the Airband business, which the announcement states now covers c.315,000 properties (of which c.230,000 are Ready for Service) across seven counties in the West of England and already serves over 19,000 customers.<\/p>\n<p>The additional commitment follows the conclusion of a detailed review of Airband\u2019s business strategy, under which the business will focus on maximising its current assets (i.e. growing take-up). abrdn\u2019s investment and ongoing commitment to Airband sits alongside a \u00a3100m senior debt package secured in 2021 from an international banking consortium.<\/p>\n<blockquote class=\"bq1\"><p><strong>Ian Fishwick, Chair of Airband said:<\/strong><\/p>\n<p>\u201cAirband has built one of the largest rural altnets in the UK and provided service to many remote areas where we are now the only provider of Gigabit connectivity. As we all move to hybrid working, the shift in society depends on high-speed connectivity. For decades, young families have left rural areas to seek work. By giving families a chance to work from home in rural areas, we hope we contribute to a huge long-term shift in the prosperity of village life. The ongoing support of both abrdn and our banks allows us to concentrate on growing our customer base as quickly as possible.\u201d<\/p><\/blockquote>\n<blockquote class=\"bq1\"><p><strong>Dominic Helmsley, Head of abrdn Infrastructure, said:<\/strong><\/p>\n<p>\u201cOver the past three years, we have worked alongside and supported Airband in expanding their network across rural parts of West England. Despite numerous industrial headwinds, Airband has proven its ability to deliver network deployment in challenging and highly defensive rural areas of the country, and our sustained financial commitment to the business reflects our dedication to supporting the reduction of the digital divide across the UK as the business continues to focus on attracting customers.\u201d<\/p><\/blockquote>\n<p>The announcement represents an important development for Airband, which has recently faced a fair bit of uncertainty. But at least for now they can hopefully get back to a bit of network building and improving customers take-up, although it&#8217;s unclear how much this will impact their future targets and existing contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good news. Broadband ISP Airband, which previously aimed to cover 400,000 UK premises in rural areas via a mix of fixed wireless access (FWA) and full fibre (FTTP) networks by 2026, has today announced that they&#8217;ve secured additional investment from abrdn to &#8220;accelerate rural broadband expansion&#8221; across West of England.<\/p>\n","protected":false},"author":1,"featured_media":30122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,34,476],"class_list":["post-37554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-statistics","tag-wifi"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/112116283270608278","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Airband Secure Additional Investment for UK Broadband Rollout - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Good news. 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Broadband ISP Airband, which previously aimed to cover 400,000 UK premises in rural areas via a mix of fixed wireless access (FWA) and full\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/03\/airband-secure-additional-investment-for-uk-broadband-rollout.html\" \/>\n<meta property=\"og:site_name\" content=\"ISPreview UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ispreview\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/ispreview\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-18T10:43:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-18T11:07:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ispreview.co.uk\/wp-content\/uploads\/2022\/02\/nggallery_import\/airband_fttp_build_telegraph_pole.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"856\" \/>\n\t<meta property=\"og:image:height\" content=\"846\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Jackson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ispreview\" \/>\n<meta name=\"twitter:site\" content=\"@ispreview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Jackson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html\"},\"author\":{\"name\":\"Mark Jackson\",\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/#\\\/schema\\\/person\\\/de66a8b4e937c21c80e443d1bf9c35d5\"},\"headline\":\"Airband Secure Additional Investment for UK Broadband Rollout\",\"datePublished\":\"2024-03-18T10:43:31+00:00\",\"dateModified\":\"2024-03-18T11:07:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html\"},\"wordCount\":514,\"commentCount\":15,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ispreview.co.uk\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/nggallery_import\\\/airband_fttp_build_telegraph_pole.jpg\",\"keywords\":[\"Business\",\"FTTP\",\"Statistics\",\"Wireless Internet\"],\"articleSection\":[\"ISP News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html\",\"url\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html\",\"name\":\"Airband Secure Additional Investment for UK Broadband Rollout - ISPreview UK\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2024\\\/03\\\/airband-secure-additional-investment-for-uk-broadband-rollout.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ispreview.co.uk\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/nggallery_import\\\/airband_fttp_build_telegraph_pole.jpg\",\"datePublished\":\"2024-03-18T10:43:31+00:00\",\"dateModified\":\"2024-03-18T11:07:37+00:00\",\"description\":\"Good news. 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