Investment awarded for full-fibre delivery to 150,000 Welsh premises

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Monmouth Town (© Christopher Smith 2014)

Welsh service provider Spectrum has been awarded a landmark investment from Infracapital to build full fibre broadband infrastructure across south Wales. 

The investment will help to bring FTTP services directly to at least 150,000 Welsh homes and businesses as part of the initial build. 

Towns and villages in Monmouthshire, the Vale of Glamorgan and Pembrokeshire are expected to be the first to benefit, with plans to reach other communities across south Wales within three to five years. Spectrum will expand its headquarters and operations staff in the area to support the network buildout, whilst creating more than 140 jobs. 

The move comes at a time when demand has been accelerated for high-speed broadband and high-quality connectivity to wider society. In Wales, many NHS consultations and social care services have moved online; school children have been educated digitally; and households are increasingly turning to the internet for basic services such as banking, to connect with family, as well as for gaming and video streaming.  

Spectrum’s founder, Giles Phelps, said: ‘We already provide high-quality broadband to underserved communities and start-up businesses. As we grow, we are committed to working closely with the communities we serve and to provide customers with an even better service from our local team. With Infracapital’s support we aim to be Wales' biggest and best homegrown broadband service provider, and a key contributor to helping shape the future Welsh economy.’ 

Andy Matthews, head of greenfield at Infracapital added: ‘We’re excited to play such an important role in delivering an increasingly essential service to the economy and wider society. We look forward to supporting Spectrum in becoming one of the leading providers of full fibre broadband in Wales.’

Deputy minister for economy and transport, Lee Waters commented on the investment: ‘It’s great to see this expansion in fibre broadband, which comes at no cost to the public purse. Earlier this year I announced an innovative project, which allows Net Support UK - part of the Spectrum group - to access existing ducts and build new ones along the south Wales trunk roads. This means Spectrum can make use of a Welsh Government-owned asset to improve the resilience of the fibre network in the area.’

Kellie Beirne, director of the City Deal, Cardiff Capital Region also welcomed the announcement: ‘We’re pleased that a local company has secured this landmark investment. We’ll be working closely with Spectrum to align their strategy with our digital infrastructure ambitions. We want to ensure that every community benefits from fast, reliable and affordable broadband, which is essential for a strong economy and strong communities. This is great news for Wales and our region.’

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