- nexfibre’s network now reaches over 2000 premises across Loughborough, which will provide access to Virgin Media O2’s services.
- This is the first part of nexfibre’s plans to deliver its network to over 22,000 premises across Leicestershire in 2024, providing lasting value to communities and businesses in the region.
- Local MP for Loughborough, Jane Hunt, welcomes the progress towards boosting local connectivity.
[April 22nd 2024] nexfibre, the next-generation fibre operator, has today announced it is connecting over 2000 premises in Loughborough to its full-fibre network. The investment is part of the business’ wider plan to reach over 22,000 premises across Leicestershire, in partnership with its build partner and anchor tenant, Virgin Media O2.
The investment in Loughborough demonstrates the progress nexfibre continues to make in deploying its next-generation full-fibre network to communities across the UK. This week, the company announced it has reached 1 million premises, part of its overall goal of reaching 5 million premises by 2026.
nexfibre’s full-fibre broadband is powered by the latest XGS-PON technology, capable of symmetrical speeds of up to 10 Gbps. More customers than ever in Loughborough – and the wider Leicestershire area – can now access high-speed broadband and TV Stream services via Virgin Media O2.
Fernando Molina, Chief Technology and Information Officer at nexfibre, said:
“Delivering our high-quality, future-proofed network to over 2000 premises across Loughborough – and the wider Leicestershire area – is part of our mission to provide lasting value to the people and places we serve. By boosting access to broadband, we are enabling local communities to access the tools they need to participate and thrive in a modern, digital society and stoking growth in the local economy. Myself and the whole nexfibre team look forward to working with local leaders as we deliver on our commitment to provide next generation broadband to thousands.”
Jane Hunt, Member of Parliament for Loughborough, said:
“High quality broadband connection is not just about streaming Netflix or scrolling on social media; it’s about bridging opportunity gaps, fostering innovation, and empowering people across Loughborough with the tools they need to succeed. I very much welcome nexfibre’s investment in our local area.”
Julie Agnew, Managing Director of Fixed Network Expansion at Virgin Media O2 said:
“More than 2000 homes and businesses in Loughborough will soon be able to feel the benefit of Virgin Media’s services – with packages that include everything from next generation gigabit broadband to easy-to-use TV streaming and entertainment services.
“These ultrareliable full fibre to the home broadband connections come with speeds up to 10 times faster than local average – providing local people with total peace of mind that whatever they’re doing online, their connection won’t slow them down.”
nexfibre is a critical enabler of the government’s ambitions to close the digital divide and deliver a nationwide ultrafast broadband rollout by 2030. As a wholesale-only provider, it is committed to build and maintain a quality full-fibre infrastructure platform. This enables them to deliver more choice, more competition and provide people, communities and organisations with quality connectivity.
It has significant capability to invest thanks to its world-class, strategic investors, InfraVia Capital Partners, Liberty Global and Telefónica, with £4.5bn in committed financing to achieve its goals.
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Notes to Editors
- The latest quarterly update of the nationwide rollout plan can be found here.
- nexfibre continually reviews and adapts plans to ensure build is optimised and addresses areas previously underserved, across the UK.
- nexfibre is a joint venture between InfraVia Capital Partners, Liberty Global and Telefónica and is financed with £4.5 billion of equity and debt investment. It will initially roll out fibre to 5 million premises by 2026, with the opportunity to expand to an additional 2 million premises.
- nexfibre’s investment will provide a major boost to the UK’s digital economy and make a significant contribution to the Government’s gigabit broadband ambitions.
- Virgin Media O2 is nexfibre’s anchor wholesale tenant.
- nexfibre intends to make its network available to other internet service providers. Additionally, nexfibre and Virgin Media O2 together intend to wholesale their networks to other internet service providers creating a national-scale operator, boosting choice and competition in the market.
- For press inquiries, please contact Lauren Maher ([email protected]) or Molly Gibbons ([email protected]).