business-live– Broadband network provider Full Fibre is creating 60 jobs in Exeter as part ambitious plans to roll out new and ultrafast fibre broadband to more than 500,000 under served premises.
Full Fibre has builds underway in Devon, Herefordshire, Shropshire and Wiltshire and plans to quadruple its workforce in the next few months.
The business is already looking to move to a new, larger premises in the city – relocating from Barnfield Crescent.
The move follows a financing deal with specialist infrastructure investment fund Basalt Infrastructure Partners III.
The business will continue its focus on ‘forgotten’ market towns and areas, initially in the West Midlands, Central and South West, that might otherwise be left behind by the national FTTP rollout.
The news comes as CDS announces the next phase of fibre-to-the-premises connectivity throughout Devon and Somerset with partners Airband, Truespeed and Wessex Internet – to be rolled out over the next four years.
Full Fibre Chief Executive Oliver Helm said: “Full Fibre’s mission has always been to deliver pure fibre, wholesale only networks to underserved market towns. The current environment has highlighted more than ever the need for gigabit-capable fibre broadband to be available as standard.
“The regulator has been clear that a competitive market for consumers is vital, and the simple presence of a new infrastructure may not be sufficient to deliver this. It is vital that new infrastructure provides a competitive wholesale market to consumers, giving them the ability to move their purchasing power in search of quality, price and service.
“As we invest millions of pounds into these market towns, our new fibre infrastructure will help to revitalise businesses, drive economic growth and unlock social mobility where traditional copper services have frustrated progress.”
The deal means Basalt takes a majority interest in Full Fibre and will provide both capital investment and its management expertise in growing successful infrastructure businesses.
Full Fibre is a wholesale only network operator. Full Fibre concentrates on working with a growing number of retail broadband providers to deliver transformative gigabit connectivity across previously underserved market towns, whereas most other providers look to sell their services directly to consumers.
Full Fibre will announce the first wave of towns that will be built early in 2021.