{"id":42024,"date":"2025-06-06T15:53:28","date_gmt":"2025-06-06T14:53:28","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=42024"},"modified":"2025-06-06T15:55:17","modified_gmt":"2025-06-06T14:55:17","slug":"rural-broadband-isp-truespeed-extends-fttp-to-109000-uk-premises","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/06\/rural-broadband-isp-truespeed-extends-fttp-to-109000-uk-premises.html","title":{"rendered":"Rural Broadband ISP Truespeed Extends FTTP to 109,000 UK Premises"},"content":{"rendered":"

Alternative network provider Truespeed<\/a>, which have deployed their full fibre (FTTP<\/a>) broadband network to rural parts of Devon, Wiltshire and Somerset in England, has published their annual accounts to the end of 2024 and revealed that they’ve now covered 109,000 premises RFS (up from 100k in Jun 2024) and have 24,000 customers (up from 21k).<\/p>\n

The operator, which originally held an \u201cambitious<\/em>\u201d overall target of reaching 500,000 properties<\/strong>, has suffered a slowdown in their network build and a number of redundancies since 2023 (here<\/a> and here<\/a>). Like many altnets this has been fuelled by the current market conditions (high interest rates, rising build costs, competition etc.) and they’ve wisely opted to tackle this by re-focusing toward greater commercialisation.<\/p>\n

NOTE:<\/strong> Truespeed<\/a> is funded by a total investment of \u00a3175m from Aviva Investors<\/strong>, most of which has already been committed.<\/div>\n

Interestingly, the company published their previous set of accounts back in August 2024, which covered the period to the end of 2023. But this year they appear to have brought their latest results – covering the period to the end of December 2024 – forward by several months and published them on 5th June 2025 instead (here<\/a>).<\/p>\n

According to the latest annual accounts, Truespeed<\/a> reported a 40% increase in revenue to \u00a39.27m (2023: \u00a36.62m or an increase of 23% on 2022). But they also suffered an operating loss of \u00a310.41m (2023: \u00a312.87m) and a loss before taxation of \u00a325.03m (2023: \u00a325.74m). In addition, the company had net liabilities of \u00a3109.93m (2023: \u00a384.89m).<\/p>\n

Last year we reported that Truespeed and County Broadband were working toward a merger agreement<\/a> (both are backed by Aviva), which sources tell us is still the plan. But the network operators have previously declined to comment on these reports, and the latest accounts make no obvious mention of an agreement. Suffice to say that the wait for a bigger development or wider consolidation announcement goes on.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alternative network provider Truespeed, which have deployed their full fibre (FTTP) broadband network to rural parts of Devon, Wiltshire and Somerset in England, has published their annual accounts to the end of 2024 and revealed that they’ve now covered 109,000 premises RFS (up from 100k in Jun 2024) and have 24,000 customers (up from 21k).<\/p>\n","protected":false},"author":1,"featured_media":32763,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[438,56,439,436],"class_list":["post-42024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-devon","tag-fttp","tag-somerset","tag-wiltshire"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/114636994254502031","error":""},"yoast_head":"\nRural Broadband ISP Truespeed Extends FTTP to 109,000 UK Premises - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Alternative network provider Truespeed, which have deployed their full fibre (FTTP) broadband network to rural parts of Devon, Wiltshire and Somerset in\" \/>\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\/06\/rural-broadband-isp-truespeed-extends-fttp-to-109000-uk-premises.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rural Broadband ISP Truespeed Extends FTTP to 109,000 UK Premises - 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