Network operator and UK ISP LightSpeed Broadband, which was last year acquired by Kompass Kapital (here) after suffering job cuts and a slowdown of their full fibre (FTTP) build in the East of England (here), has announced that they’re shifting their HQ from Spalding (Lincolnshire) to Peterborough (Cambridgeshire).
The operator was, until last year, still busy expanding their gigabit-capable broadband network at full pace across parts of 32 market towns in South Lincolnshire, Norfolk, Suffolk, Essex, Cambridgeshire and Rutland. But the deal with Kompass Kapital also involved an unspecified amount of new capital for the business, which is being utilised to continue developing and expanding their network and ISP offerings.
According to the latest update, they now cover 250,000 premises, although independent data from Thinkbroadband puts the ‘Ready for Service’ (RFS) figure at a much lower level of 140,000 (note: TBB are currently a bit behind on their data checking). But the announcement also indicates that the HQ shift may be at least partly related to the fact that they’re now planning to add another 150,000 properties across the East and West Midlands.
A spokesman for Lightspeed Broadband said (Lincs Online):
“LightSpeed Broadband is continuing the expansion of its 250,000 premises full fibre network by adding an additional 150,000 properties across the East and West Midlands. Our network will soon bring multi-Gigabit full fibre broadband to homes and businesses in parts of the UK that have, until now, been starved of good internet connections.
While our roots have been planted firmly in Spalding for the past three years, we do anticipate relocating our headquarters to Peterborough in the coming months. This is spurred by the improved transport infrastructure provided by the town, which in turn facilitates the expansion of our network and enables us to better cater to our expanding customer base.
Despite this move, we remain committed to maintaining strong ties with the Spalding community, where many of our satisfied customers reside. We’re excited for our ongoing expansion, and we want to assure our customers that our dedication to providing fantastic broadband services will continue unabated.
In fact, it’s our aim to provide services that step beyond broadband into areas that include VoIP, home security, entertainment and more. We’re doing this because we believe that being digitally connected transforms lives.”
Residential customers of the service tend to pay from £24.95 per month on a 24-month term for symmetric speeds of 100Mbps, which rises to £29.99 (discounted from £39.95) for their top 1000Mbps tier. The package includes a WiFi 6 capable wireless router and there’s also a £30 one-off setup fee to pay.