Community Fibre, London’s full fibre network, reports it has connected more than 300,000 residents and businesses across the capital.

With a fibre-to-the-premises (FTTP) network covering 1.3 million properties in London, which is over one-third of homes in the capital, has seen an 85 per cent increase in its customer base in the past 12 months as more people look to alternative networks (Altnets) for faster, more affordable fibre broadband.

The company, which is backed by a finance facility of £985 million, also announced it has been Ebitda positive throughout Q2, news which was welcomed by shareholders Warburg Pincus, DTCP, Railpen and NDIF, and its lenders including recent backers JP Morgan and Barclays.

Community Fibre’s Chief Executive Officer Graeme Oxby, commented: “Having successfully grown to become the largest 100 per cent only full fibre network in London by far, we’re pleased to announce that more than 300,000 customers have chosen to join Community Fibre for lower prices, faster speeds and a better service. The fact that so many customers have voted with their feet and moved from the large national providers to Community Fibre demonstrates the incredible success we are having. We believe our unwavering focus on consistently delivering the best products, at the lowest prices with the best service versus all comers is the rationale behind our success.”

Olaf Swantee, Chairman of Community Fibre, added: “The lenders and our shareholders share the view that Community Fibre’s momentum will further strengthen its position as the best and largest FTTH only provider in London.”

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Categories: Articles, Broadband, FTTH

Tags: Community Fibre, FTTH, London