Network operator nexfibre has today announced that they’ve expanded their 2Gbps speed Fibre-to-the-Premises (FTTP / XGS-PON) broadband network, alongside partner UK ISP Virgin Media (VMO2), to cover an additional 11,000 premises in the Essex town of Braintree.
Nexfibre has already covered 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 that. Both Virgin Media and nexfibre share some of the same parentage in Telefónica and Liberty Global.
Just for some context. Telefónica, Liberty Global and InfraVia Capital Partners originally set up 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 separate network of 16m+ premises. The funding reflects £3.3bn of fully underwritten financing and up to £1.4bn in equity commitments.
Taken together, nexfibre and Virgin Media O2 will cover up to 23 million premises, or around 80% of the UK, by the end of 2028.