Original article ISPreview UK:Read More
Edinburgh-based ISP and network builder GoFibre recently published their annual accounts to the end of 2024, which among other things revealed that their revenues increased by 71% to £2.02m (2023: £1.17m). The operator now expects their roll-out of FTTP broadband in rural Scotland and North England to reach a footprint of 250,000 premises “in the next 3 years“.
The latest accounts also revealed that the provider ended the year with an operating loss of £14.11m (2023: £13.67m) and saw a decrease in their capital expenditure to £30.69m (2023: £33.01m). But gross profit did increase dramatically from £23k in 2023 to £1.02m in 2024, which perhaps highlights how their previous surge in network build has been attracting take-up (they covered an extra 42,500 premises in the last year, but customer figures aren’t stated).
The results also mentioned that their “business plan assumes GoFibre works with a number of ISPs to connect new customers,” which probably reflects the fact that their state aid funded Project Gigabit contracts require the provision of a wholesale solution. But network operators don’t always make the commercials of this attractive enough or have the scale to entice other ISPs to adopt, but experiences do vary. At the time of writting we don’t currently know what other providers may harness GoFibre’s network.
Customers of the provider’s own retail service, once live, can expect to pay from £22.50 per month for a 150Mbps (30Mbps upload) package on a 24-month term with an included wireless router, which rises to £33 for their top 1000Mbps (100Mbps upload) plan. The latter also comes with a bonus Wi-Fi extender (this can optionally be taken on other plans at extra cost).