Plucky telecoms start-up Angie, which wants to bring 10Gbps broadband to 3 million UK premises, has secured hundreds of millions in investment.
Private equity firm NSL & Co has invested €1 billion (£707 million) in Angie, which wants to start work on its next-generation UK network in 2016.
The so-called ‘5G’ service should reach around 90 per cent of the population while the 4G LTE-Advanced services will be rolled out to 95 per cent of Brits. As well as promising to shake up the fixed-line and mobile broadband networks, which, following BT’s acquisition of EE, will be dominated by one company, Angie hopes that its three-way network will allow for what it calls ‘true convergence,’ seamlessly integrating data, voice and Internet of Things services.
While technical standards for 5G have yet to be defined, hence our slightly sarcastic inverted commas, the EU hopes that future mobile services will allow for devices in homes, cars and cities to communicate, allowing for things like smart traffic management to flourish.
Angie intends to bid for parts of the 2.3GHz and 3.4GHz radio spectrum, which Ofcom intends to auction off later this year, or in early 2016.
Not wanting to waste any time, Angie has already begun canvassing would-be customers across the UK for support.