Hyperoptic

A number of broadband providers and ISPs have outlined their commitment to helping customers during the current cost of living crisis by freezing their prices for 2022.

British housebuilder, Barratt Developments has committed to ensuring that the majority of new sites built every year will have access to a full-fibre broadband service from multiple networks, with 18 ISPs to choose from.

UK communications regulator, Ofcom has proposed to make BT and KCOM the UK’s broadband universal service providers, following submissions of interest from eight companies. Ofcom is also consulting on the obligations that should apply to them in delivering the universal service.

UK gigabit broadband provider, Hyperoptic has completed a debt raise of £250million from eight  international banks to extend its full fibre optic network to 50 towns and cities across the country by 2019.

UK communications regulator, Ofcom has published a set of measures that aim to increase investment in full fibre broadband networks and lower the upfront building costs. The draft has been submitted to the European Commission for comment, and a final statement is due to be published in March 2018.

Hyperoptic has carried out a trial of fast home broadband - touching 10Gb/s - at East Village, the site of the London 2012 Athletes’ Village. The company was able to demonstrate speeds it says are some 276 times faster than the average speed a UK consumer receives today, to a UK home, using an existing service provider network, rather than a new, dedicated line.

LONDON, UK -- Dana Tobak, CEO of Hyperoptic, the UK’s largest residential gigabit broadband provider, has been awarded a CBE for her services to the broadband industry.

A CBE (Commander of the Order of the British Empire) is awarded for outstanding work in an individual’s respective field.

Dana Tobak is a renowned broadband entrepreneur. In 2005 she co-founded Be Unlimited, which spearheaded the move to ADSL 2+ and provided a record-breaking service of 24Mbps. It acted as a market catalyst for an industry-wide uplift in broadband speeds and was quickly acquired by O2.

Fibre-based service provider Hyperoptic has secured an additional £100 million in funding to accelerate the deployment of gigabit broadband networks to UK consumers.

The cash injection comes from a consortium of four tier-one European banks: BNP Paribas, ING, RBS and Dutch investment bank NIBC. LionTree Advisors acted as Hyperoptic’s financial advisor.