{"id":40964,"date":"2025-02-18T10:26:40","date_gmt":"2025-02-18T10:26:40","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=40964"},"modified":"2025-02-18T13:09:29","modified_gmt":"2025-02-18T13:09:29","slug":"voneus-to-cut-jobs-and-slow-uk-gigabit-broadband-rollout","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/02\/voneus-to-cut-jobs-and-slow-uk-gigabit-broadband-rollout.html","title":{"rendered":"Voneus to Cut Jobs and Slow UK Gigabit Broadband Rollout UPDATE"},"content":{"rendered":"<p>Rural broadband operator and UK ISP <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/voneus\" target=\"_blank\">Voneus<\/a>, which has spent the past few years rolling out a gigabit-capable fixed wireless access (FWA) and full fibre (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a>) network across poorly served areas, has today informed staff about a fresh round of redundancies after &#8220;<em>market conditions<\/em>&#8221; meant it was &#8220;<em>no longer possible<\/em>&#8221; to continue their previous pace of deployment.<!--more--><\/p>\n<p>The development follows shortly after the provider dropped out of the Government\u2019s \u00a312m (state aid) Project Gigabit contract for Mid West Shropshire (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/12\/voneus-drops-out-of-project-gigabit-broadband-contract-for-mid-west-shropshire.html\">here<\/a>) and suffered a spate of complaints about their legacy network (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/12\/voneus-face-rural-broadband-complaints-in-shropshire-and-powys.html\">here<\/a>). <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/voneus\" target=\"_blank\">Voneus<\/a> had previously been aspiring to cover 370,000 UK premises via their gigabit-capable broadband network, although today&#8217;s update notes that they have now passed the <strong>100,000 premises<\/strong> milestone.<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/voneus\" target=\"_blank\">Voneus<\/a> has previously received sizeable investments from Macquarie Capital, the Israel Infrastructure Fund (IIF) and Tiger Infrastructure Partners (principal shareholder of Rural Broadband Solutions) etc.<\/div>\n<p>Naturally, the operator is not immune to the challenges being faced by many other alternative broadband networks in today&#8217;s market, such as the pressure from high interest rates, rising build costs and strong competition from rivals etc. Instead, Voneus has today informed ISPreview that they&#8217;re adapting their &#8220;<em>operating model<\/em>&#8221; to focus less on build and more on commercialisation of what they&#8217;ve already built. Similar strategies have been adopted by many other altnets.<\/p>\n<blockquote class=\"bq1\"><p><strong>A Voneus Spokesperson told ISPreview:<\/strong><\/p>\n<p>\u201cSince its founding in 2011, Voneus has made impressive strides in establishing itself as a leading provider of rural broadband in the UK, recently passing the milestone of 100,000 gigabit-enabled premises.<\/p>\n<p>Due to market conditions, it is no longer possible for this network roll-out to continue at the same pace. As a result, Voneus is adapting its operating model to focus on enhancing customer service as well as continuing to grow sales and revenue. This shift in focus will involve a strategic reorganisation which is likely to result in some redundancies.<\/p>\n<p>The company remains active on potential strategic growth opportunities through mergers and acquisitions and to secure funding for future network deployment.\u201d<\/p><\/blockquote>\n<p>The company&#8217;s most recent accounts, which cover the year to 31st March 2023, revealed that the group is being funded by up to \u00a3250m from its investors and was home to a total of 156 employees (up from 121 in 2022); but we understand their latest figure is just under 300. Voneus also reported a turnover of \u00a33.29m (2022: \u00a32.72m), gross profit of \u00a3942k (2022: \u00a31.39m) and a loss for the year of -\u00a314.47m (2022: -\u00a38.82m).<\/p>\n<p><strong>UPDATE 1:06pm<\/strong><\/p>\n<p>Voneus has informed ISPreview that they will continue to complete the fibre builds that are in-plan and remain committed to improving and maintaining their existing FWA (wireless) networks. For example, their plan to deploy a gigabit wireless network in Carmarthenshire (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/12\/voneus-to-expand-gigabit-broadband-in-carmarthenshire-via-street-lights.html\">here<\/a>) is now underway and &#8220;<em>will be completed<\/em>&#8220;.<\/p>\n<p>The operator couldn&#8217;t yet say precisely how many jobs will go, but we understand the figure will be less than 100.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rural broadband operator and UK ISP Voneus, which has spent the past few years rolling out a gigabit-capable fixed wireless access (FWA) and full fibre (FTTP) network across poorly served areas, has today informed staff about a fresh round of redundancies after &#8220;market conditions&#8221; meant it was &#8220;no longer possible&#8221; to continue their previous pace [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30649,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,1650,476],"class_list":["post-40964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-voneus","tag-wifi"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/114024415885171287","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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