Nexfibre Publish Q3 2024 UK Full Fibre Broadband Build Update

Network operator nexfibre, which shares some of their parentage with ISP partner Virgin Media (VMO2), has published their latest quarterly (Q3 2024) progress update on the roll-out of their new 10Gbps capable Fibre-to-the-Premises (FTTP / XGS-PON) broadband network. This includes details on build locations for 2025 and 2026.

We’ll start with the usual recap. Back in 2022 Telefónica, Liberty Global and InfraVia Capital Partners setup nexfibre as a new £4.5bn joint venture (here), which aims to deploy an open access full fibre network to reach “up to” 7 million UK homes (starting with 5m by 2026) in areas NOT served by Virgin Media’s own network of 16m+ premises. The funding reflects £3.3bn of fully underwritten financing and up to £1.4bn in equity commitments.

NOTE: Virgin Media is currently the only ISP on nexfibre’s network via an “exclusive partnership” (here), but more ISPs will be added in the future (here) and Virgin’s own network will also open up to wholesale via NetCo in H1 2025 (here).

The operator so far deployed their network to cover 1,557,000 premises ‘Ready for Service’ (up from 1,277,800 premises in the last update), which doesn’t yet include last year’s acquisition of Upp and its c.175,000 premises, and they’re in the process of investing another £1bn this year to help cover an additional 1 million UK premises (i.e. on top of their existing coverage). This should get them to around c.2m by the end of 2024.

The latest Q3 2024 update reveals planned build locations for 2025 and into 2026, although this is produced in a .PDF format that makes it difficult to easily identify the changes from the prior update. In addition, there’s a fairly vague map of their updated deployment plan.

Nexfibre UK Build Update Map for Q3 2024

Nexfibre-Q3-2024-FTTP-Build-UK-Progress-Map

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