Network operator nexfibre and retail ISP partner Virgin Media (O2) have today confirmed that they’ve made their 2Gbps speed Fibre-to-the-Premises (FTTP) broadband network available to more than 12,000 homes in the port town of Exmouth (near Exeter in Devon, England) for the first time.
The move means that most premises will now have a choice between three gigabit-capable broadband networks, with Exmouth already being well covered by full fibre lines from both Openreach (BT) and AllPoints Fibre (Jurassic Fibre). In addition, OFNL also caters for a small patch of new build homes within the area. But there are still a few sizeable patches with little overbuild between all three.
Nexfibre itself has already covered 2 million premises across the UK with their new full fibre network (here) and many more will follow. 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 network of 16m+ premises. The funding reflects £3.3bn of fully underwritten financing and up to £1.4bn in equity commitments.