{"id":38306,"date":"2024-06-10T09:13:31","date_gmt":"2024-06-10T08:13:31","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=38306"},"modified":"2024-06-20T13:11:16","modified_gmt":"2024-06-20T12:11:16","slug":"full-fibre-altnet-toob-tops-50000-uk-broadband-isp-customers","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2024\/06\/full-fibre-altnet-toob-tops-50000-uk-broadband-isp-customers.html","title":{"rendered":"Full Fibre Altnet Toob Tops 50,000 UK Broadband ISP Customers UPDATE2"},"content":{"rendered":"

Alternative network builder and gigabit broadband ISP toob<\/a>, which is deploying a full fibre (FTTP<\/a>) network across parts of South England (they’re also sharing some of CityFibre<\/a>\u2019s infrastructure), has recently revealed that they’ve managed to grow their customer base to over 50,000 (up from 20,000 a year ago).<\/p>\n

The Hampshire-based operator was originally backed by \u00a375m<\/strong> from the Amber Infrastructure Group (here<\/a>) and \u201cup to<\/em>\u201d \u00a387.5m<\/strong> from the Sequoia Economic Infrastructure Income Fund (here<\/a>). During 2023 the operator also secured \u00a3160m<\/strong> of additional funding (debt financing) from Ares Management<\/strong>\u2018s Infrastructure Debt strategy (here<\/a>), which could be upsized to \u00a3300m<\/strong> over time to support growth.<\/p>\n

NOTE:<\/strong> Toob<\/a>\u2019s fibre covers 150,000 UK premises (24th Aug 2023 \u2013 not all RFS). The operator originally aspired to cover 1 million premises across parts of Dorset, Hampshire, Surrey and Sussex by 2027, but at present they\u2019re targeting a total of 300,000 premises.<\/div>\n

However, toob<\/a> did recently run into a few challenges, which resulted in some redundancies and a change of build strategy (here<\/a>). But the positive news today is that toob recently confirmed having passed the milestone of 50,000 customers, which is more than double the 20,000 they had this time last year.<\/p>\n

The provider doesn’t appear to have put out a press release about this (we spotted it via social media), which is a shame as this seems to be a good result. On the other hand, toob hasn’t issued an update on their network coverage in over a year, which makes it difficult to examine their relative take-up rate. So far as we can tell, the 50,000 figure was first stated on their website during early May 2024.<\/p>\n

UPDATE 10:27am<\/strong><\/p>\n

Toob has informed us that they should be formally announcing having hit this number sometime this week.<\/p>\n

UPDATE 20th June 2024<\/strong><\/p>\n

The official press release has just been published, which also reveals that toob’s early network – deployed in Southampton – now has over 40% penetration and their overall network penetration is “almost<\/em>” at 20%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alternative network builder and gigabit broadband ISP toob, which is deploying a full fibre (FTTP) network across parts of South England (they’re also sharing some of CityFibre\u2019s infrastructure), has recently revealed that they’ve managed to grow their customer base to over 50,000 (up from 20,000 a year ago).<\/p>\n","protected":false},"author":1,"featured_media":38308,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[465,56,431,449,469],"class_list":["post-38306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-dorset","tag-fttp","tag-hampshire","tag-surrey","tag-sussex"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/112591327383768770","error":""},"yoast_head":"\nFull Fibre Altnet Toob Tops 50,000 UK Broadband ISP Customers UPDATE2 - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Alternative network builder and gigabit broadband ISP toob, which is deploying a full fibre (FTTP) network across parts of South England (they're also\" \/>\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\/2024\/06\/full-fibre-altnet-toob-tops-50000-uk-broadband-isp-customers.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Full Fibre Altnet Toob Tops 50,000 UK Broadband ISP Customers UPDATE2 - 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