Wholesale network operator ITS is to fast track its full fibre roll out plans across a broader footprint following a £45m Aviva Investors deal.
ITS will continue to reuse public and private infrastructure to accelerate the roll out of its networks, and will also collaborate with its partner network to identify where the greatest demand for full fibre services lie in order to prioritise build plans.
ITS CEO Daren Baythorpe (pictured) said: “I took over the reins of the business in early 2018 and focused on reshaping the business. This has created a strong foundation for this next phase of our growth.
“Working with Aviva gives us considerable financial backing to further flex our reuse muscles and continue to take advantage of the opportunities ahead.
"This approach allows us to connect more customers to full fibre far quicker than the industry norm. With BT’s public switched telephone and copper network switch off plans now in progress, the race to build alternative futureproof full fibre IP-based networks is on to ensure coverage and choice for end users.”
Sean McLachlan, Senior Director, Infrastructure Equity, Aviva Investors, added: “There is a clear and growing demand for this essential infrastructure across the country. The funding from Aviva Investors will allow ITS and its management team to build on its existing infrastructure and brand to accelerate its network expansion and to provide world-class infrastructure across the country.”
Having recently launched a full fibre network along the Fylde Coast in Lancashire, ITS currently operates networks across areas including Bristol, East Midlands, Greater Manchester, North Wales, the North East and South East including London.