plunet
ULTIMATE Member
Reported in the Telegraph today...
https://www.telegraph.co.uk/busines...off-hundreds-engineers-broadband-woes-deepen/
BT challenger Zzoomm is laying off hundreds of engineers as smaller broadband firms grapple with a funding crisis.
The Oxfordshire-based company, which is rolling out full-fibre internet connections across the UK, will start outsourcing its network build in a bid to conserve cash.
Around 300 employees in its construction team, including engineers and office roles, will be made redundant – equivalent to more than 50pc of the company’s workforce.
...
It was set up by Matthew Hare, founder and former chief executive of rural full-fibre network Gigaclear.
Zzoomm currently has around 11,000 customers and its network has reached 135,000 properties, with a take-up rate of around 7pc. It is aiming to reach one million properties by 2025.
In 2021, it secured £100m from a consortium of banks led by ING to help accelerate its build.
https://www.telegraph.co.uk/busines...off-hundreds-engineers-broadband-woes-deepen/
BT challenger Zzoomm is laying off hundreds of engineers as smaller broadband firms grapple with a funding crisis.
The Oxfordshire-based company, which is rolling out full-fibre internet connections across the UK, will start outsourcing its network build in a bid to conserve cash.
Around 300 employees in its construction team, including engineers and office roles, will be made redundant – equivalent to more than 50pc of the company’s workforce.
...
It was set up by Matthew Hare, founder and former chief executive of rural full-fibre network Gigaclear.
Zzoomm currently has around 11,000 customers and its network has reached 135,000 properties, with a take-up rate of around 7pc. It is aiming to reach one million properties by 2025.
In 2021, it secured £100m from a consortium of banks led by ING to help accelerate its build.























