4 years ago

Truespeed Secures £100 Million to Expand Full-Fibre Broadband Network

  • Truespeed, a UK-based broadband provider, has secured £100 million in funding from Aviva Investors

  • The investment will be used to expand Truespeed's full-fibre broadband network across the southwest of England, connecting underserved rural areas

  • This funding round follows a previous investment of £75 million from Aviva Investors in 2017, bringing the total investment to £175 million

  • Truespeed aims to provide ultrafast and reliable internet connectivity to homes and businesses in the region.

      • ProblemTechnology Infrastructure

      "Many areas in the UK, especially rural areas, lack access to reliable high-speed internet. This hinders businesses and residents from fully participating in the digital economy."

      Solution

      "Truespeed builds and operates a full-fibre broadband network, providing gigabit-capable internet speeds to homes and businesses in underserved areas. This allows for faster internet speeds, improved connectivity, and better access to online services."

      Covered on