{"id":40549,"date":"2025-01-11T00:02:06","date_gmt":"2025-01-11T00:02:06","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=40549"},"modified":"2025-01-10T22:32:39","modified_gmt":"2025-01-10T22:32:39","slug":"altnet-uk-broadband-provider-fibrus-confirms-more-job-cuts","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/01\/altnet-uk-broadband-provider-fibrus-confirms-more-job-cuts.html","title":{"rendered":"Altnet UK Broadband Provider Fibrus Confirms More Job Cuts"},"content":{"rendered":"<p>Infracapital-backed ISP <a class=\"shortlink shortlink-168\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fibrus\" target=\"_blank\" rel=\"nofollow\" title=\"Fibrus broadband\">Fibrus<\/a>, which is busy rolling out their alternative gigabit-capable Fibre-to-the-Premises (<a class=\"shortlink shortlink-110 shortlink-chref\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\" target=\"_blank\" rel=\"\" title=\"fttp\" data-chref=\"https:\/\/www.ispreview.co.uk\/broadband_fibre_optic.php\">FTTP<\/a>) broadband network across rural parts of Cumbria (England) and Northern Ireland, has confirmed another round of redundancies as their roll-out in N.Ireland comes to an end. But new jobs in customer facing roles are expected to be created.<!--more--><\/p>\n<p>Just to recap. The operator has already built their full fibre network to cover 400,000 UK premises and have previously claimed to be \u201c<em>fully funded to complete<\/em>\u201d their roll-out plan for 500,000 premises in the near future (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/08\/fibrus-get-100m-boost-to-help-complete-uk-full-fibre-broadband-build.html\">here<\/a>). In November 2024 they also passed the 100,000th customer mark (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/11\/isp-fibrus-top-100000-customers-on-uk-fttp-broadband-network.html\">here<\/a>).<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> <a class=\"shortlink shortlink-168\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fibrus\" target=\"_blank\" rel=\"nofollow\" title=\"Fibrus broadband\">Fibrus<\/a> is backed by a total investment of around \u00a3845m, including \u00a3320m of committed debt, \u00a3200m in current and committed equity funding and \u00a3325m of government funding (e.g. \u00a3197m <a href=\"https:\/\/hyperfastni.com\/availability\" target=\"_blank\" rel=\"noopener\"><strong>Project Stratum<\/strong><\/a> \u2013 up to 82,000 premises by June 2025 in N.Ireland \u2013 and the \u00a3108m Project Gigabit contract for 60,000 premises in Cumbria \u2013 <a href=\"https:\/\/hyperfastgb.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Hyperfast GB<\/strong><\/a>).<\/div>\n<p>However, while their deployment in Cumbria still has a long way to go, Fibrus&#8217; build in Northern Ireland is getting closer to completion and this will inevitably mean a loss of further engineering roles. Not to mention that the company is also having to deal with a pre-tax loss of nearly \u00a360m in its latest accounts (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/12\/altnet-uk-broadband-provider-fibrus-summarises-financial-results.html\">here<\/a>).<\/p>\n<p>According to the <a href=\"https:\/\/www.belfasttelegraph.co.uk\/business\/northern-ireland\/ni-broadband-company-makes-more-job-cuts\/a1220866870.html\" target=\"_blank\" rel=\"noopener\">Belfast Telegraph<\/a>, around 48 jobs could be cut in their civil engineering company, <strong>Vibreoptix<\/strong>, which would be on top of those that were lost at the start of last year (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/01\/job-losses-as-uk-full-fibre-isp-fibrus-start-redundancy-process.html\">here<\/a>). The latter was also partly due to the fact that network operators across the market are being placed under a lot of strain, not least due to issues like rising build costs (inflation, leases, suppliers etc.) and the difficulty in raising fresh investment during a period of high interest rates.<\/p>\n<blockquote class=\"bq1\"><p><strong>A Fibrus spokesperson said:<\/strong><\/p>\n<p>\u201cFibrus is nearing the completion of its planned build programme in Northern Ireland. We have restructured our teams to support our business priorities and enable the next phase of growth.<\/p>\n<p>We have hired, and will continue to hire, customer-focused roles in line with business expansion plans.&#8221;<\/p><\/blockquote>\n<p>Put another way, Fibrus, like many other altnets, is now increasingly focusing their efforts on growing the take-up (commercialisation) of the infrastructure they&#8217;ve already built. The operator&#8217;s most recent accounts also reported a 58% increase in revenues to \u00a317.6m and a record-breaking year for customer growth, including a 143% increase in connected customers, which grew by 46k during the year from 32k to 78k and have passed the 100k milestone subsequent to year end. Customer penetration now exceeds 25%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infracapital-backed ISP Fibrus, which is busy rolling out their alternative gigabit-capable Fibre-to-the-Premises (FTTP) broadband network across rural parts of Cumbria (England) and Northern Ireland, has confirmed another round of redundancies as their roll-out in N.Ireland comes to an end. But new jobs in customer facing roles are expected to be created.<\/p>\n","protected":false},"author":1,"featured_media":35596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,444,1995,56,414],"class_list":["post-40549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-cumbria","tag-fibrus","tag-fttp","tag-northern-ireland"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/113806791707475390","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Altnet UK Broadband Provider Fibrus Confirms More Job Cuts - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Infracapital-backed ISP Fibrus, which is busy rolling out their alternative gigabit-capable Fibre-to-the-Premises (FTTP) broadband network across rural\" \/>\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\/2025\/01\/altnet-uk-broadband-provider-fibrus-confirms-more-job-cuts.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altnet UK Broadband Provider Fibrus Confirms More Job Cuts - 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