Hyperoptic, the ISP that provides gigabit broadband has announced plans to launch its products in ten more cities by the end of the year.
Thanks to a £50 million investment, the ISP famous for providing 1Gbps FTTP (Fibre to the Premises) broadband wants to spread its wings and offer services outside of London.
Boris Ivanovic, chairman and co-founder of Hyperoptic, said: “Today’s investment is a resounding vote of confidence in both our business model and the bright prospects for FTTH [Fibre to the Home] technology in the UK. As momentum continues to build for ‘smart cities’ and an increasingly technology-fuelled economy and society, the need to future proof our infrastructure has become absolutely critical and Hyperoptic will play a key role in doing just that.”
Read Recombu Digital’s guide to HyperopticHyperoptic hasn’t yet announced where it will be going next. Rather than having a rigid plan, Hyperoptic says that it’ll will prioritise deployment where the demand is highest. Hyperoptic is encouraging those who want it to set up shop in their city to register online.
The ISP currently serves over 20,000 subscribers in central London and has ambitious plans to hit 500,000 subscribers within the next five years. We’ve known for a while that Hyperoptic has plans beyond London and today’s news will see the ISP a step closer to achieving that goal.
The majority of the money comes from Quantum Strategic Partners Ltd, managed by billionaire George Soros.