Gigaclear, which bills itself as ‘the UK’s leading rural full fiber broadband alternative network provider’, has announced securing equity investment from Equitix to support its infrastructure rollout. According to Gigaclear, the funding – of up to GBP420 million (USD525 million) – will enable it to extend its network, and the company confirmed it is now looking to reach ‘more than one million premises’ by 2027. Gigaclear also offered up information on its rollout progress to date, confirming it now covers more than 450,000 homes and businesses across the UK with its fibre-to-the-home (FTTH) network.
Commenting, Gigaclear CEO Gareth Williams said: ‘There are more than one million additional homes and businesses in the UK for us to build to that fall within our company’s mission. Gigaclear will push forward, ensuring many more communities in rural England are able to benefit from the ultrafast full fibre broadband speeds enjoyed by their urban counterparts. Alongside our commercial expansion, we will continue to explore opportunities to work with the Government on its Building Digital (BDUK) programme, evaluating each opportunity on a case-by-case basis.’