A fast-growth, fast-speed Midlands-based ISP (internet service provider) has announced its intention to scale up to ‘cope with customer demand’ and is welcoming would-be investors the opportunity to grow with them.
David Yates, co-founder of Gigabit Networks launches investment drive
Gigabit Networks, which was recently voted ‘Midlands’ Best ISP’, was launched by tech entrepreneurs, David Yates and Dan Ilett, with the intention of helping Midlands-based businesses and residents bridge the digital divide via ultrafast Full Fibre connectivity.
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The ultrafast and reliable connection, which utilises the infrastructure created by CityFibre’s £4.9 billion investment, has already been successfully rolled out into Coventry, Wolverhampton, Leicester, Derby and Nottingham – and Gigabit Networks have plans for increased penetration in these cities, as well as further expansion into the surrounding towns, on the back of this fundraising campaign.
At present, the technology is available to 250,000 homes and businesses in the current Gigabit Networks catchment area, but this could ultimately yield over 1 million potential premises, as the CityFibre infrastructure and tech roll-out continues.
Those customers switching to Gigabit Network’s ultrafast connection can take advantage of CityFibre’s Full Fibre connections that always use 100% fibre-optic lines directly to the building, with none of the copper wiring of traditional broadband services to slow things down. Each Full Fibre connection is exclusive to your property and capable of delivering up to 930 Megabits per second speeds both ways – more than 20x faster than normal broadband.
“We’ve had a few conversations already with investors,” said David Yates. “The key for us will be to find the right investor who understands what we are doing in the long term, and we welcome conversations with interested partners.”
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