Network operator nexfibre, which shares some of their parentage with UK broadband ISP partner Virgin Media (O2), has today announced that they expect to cover 15,000 premises in the neighbouring Buckinghamshire (England) towns of High Wycombe and Marlow via their new wholesale accessible 2Gbps Fibre-to-the-Premises (FTTP) network.
The deployments reflect somewhat of an extension for Virgin Media, which already covers a sizeable amount of both locations. In addition, the towns also have some sizeable but patchy FTTP coverage via a mix of different operators, such as Openreach, Swish Fibre (All Points Fibre), OFNL, Hyperoptic, CityFibre, Trooli and others.
Nexfibre has already covered over 1 million premises across the UK with their new full fibre network, and they’re currently in the process of investing another £1bn during 2024, which should enable them to cover an additional 1 million UK premises (on top of their existing footprint).
Just for some context. Telefónica, Liberty Global and InfraVia Capital Partners originally setup the new £4.5bn nexfibre joint venture in 2022 (here), which aims to deploy an open access fibre network to reach “up to” 7 million UK homes (starting with 5m by 2026) in areas NOT currently served by Virgin Media’s network of 16m+ premises. The funding reflects £3.3bn of fully underwritten financing and up to £1.4bn in equity commitments.