London-based Internet Service Provider (ISP) Community Fibre has announced an 82 per cent increase in annual revenue to £76 million in its latest annual filings, reporting earnings before interest, tax, depreciation and amortisation (EBITDA) of £8 million in 2024, marking its first profit. The alternative fibre network (Altnet), backed by private equity firm Warburg Pincus, […]
Community Fibre, the UK broadband provider, has signed a new finance facility provided and/or arranged by JP Morgan, Barclays, LBBW, SIMCo (Sequoia Investment Management Company) and Alpha Bank raising a total of £125 million (€150.2m), overachieving planned targets and bringing total investment in the company to £1.1 billion. The company also announced it has been EBITDA positive since […]
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 […]
Five of the UK’s largest alternative fibre network operators have joined forces to push for fairer access to physical infrastructure operated by Openreach. Initiated by nexfibre, the Physical Infrastructure Access (PIA) Coalition also comprises AllPoints Fibre, Community Fibre, Gigaclear, and newly-merged Netomnia and Brsk. Together, these members represent over 5 million premises ready for service, […]
Telco TV specialist Netgem TV has enhanced its content line-up, suggesting there is something for everyone to enjoy. Fifteen additional channels are available now to new and existing customers at no extra cost across Netgem’s Internet Service Providers’ partner networks, including TalkTalk, Community Fibre, Lothian Broadband, Brawband, Pop Telecom, Air Broadband, Inspire, Box Broadband, PureFibre, […]
Box Broadband has announced the appointment of Nathan Vautier as Divisional CEO. Vautier replaces Graham Sargood, who is stepping down after 4 years and who will continue to guide and support the Surrey-based fibre broadband provider’s expansive growth plans as a Board Director and shareholder. The new appointment will see Vautier bring more than 21 […]
London-based ISP Community Fibre Limited has signed a new finance facility of £985 million (€1.12bn) which will enable the company to continue to execute its rapid roll out of a full-fibre broadband network to 2.2 million London homes by the end of 2024. Community Fibre already has 675,000 ready for service homes in London and […]
A nationwide study has found that a third (33 per cent) of Brits would rather cut back on their fuel use than cut back on broadband to save money. However, 20 per cent of Brits cannot afford to be online, leaving them unable to carry out day to day life tasks such as accessing public […]
Community Fibre, London’s full fibre broadband provider can now take orders from 500,000 London homes and 116,000 businesses. Community Fibre is commitmed to offering 2.2 million homes and businesses its full fibre multi-gigabit capable broadband by the end of 2024. In support of its expansion plans, Community Fibre has secured an additional £100 milliom facility […]
Millions of families under pressure from the rising cost of living could each save £144 (€172) on their annual broadband bills, UK comms regulator Ofcom has found. Special discounted broadband packages – sometimes known as ‘social tariffs’ – are available to an estimated 4.2 million households in receipt of Universal Credit. But only 55,000 homes […]