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Aviva Invests £100M In Truespeed For Full-Fibre Broadband Rollout

Aviva Invests £100M In Truespeed For Full-Fibre Broadband Rollout

01/04/22, 10:19 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgbath
Money raised
£100 million
Industry
professional services
Bath-based broadband provider Truespeed has received a £100m capital injection from Aviva Investors to fund the rollout of its “gigabit-capable” full-fibre network to homes and businesses across the southwest of England.

Company Info

Company
Truespeed
Location
bath, maine, united states
Additional Info
Its engineers only set up a Truespeed network once the company has received sufficient demand in an area made by online requests. The company says it has doubled the size of its network in the past year. This second tranche of funding reflects our belief that the company and its activities not only represent a sound investment, but also create significant social benefits for local communities across the country.” Bath-based broadband provider Truespeed has received a £100m capital injection from Aviva Investors to fund the rollout of its “gigabit-capable” full-fibre network to homes and businesses across the southwest of England. Truespeed has contracts to build full-fibre infrastructure in Bath and Wells, while in December it announced the start of its network build in Glastonbury, Shepton Mallet and Street.Its network is used by local businesses such as Yeo Valley and Thatchers Cider.“We are delighted that our continuing relationship with Aviva Investors has provided this next tranche of investment,” said James Lowther, who was appointed Truespeed CEO last month. Founded in 2014, Truespeed is an internet service provider and also installs full-fibre infrastructure such as underground cables that connect premises to the internet.