KCOM is to invest circa £100m to expand its full fibre broadband network beyond its Hull heartland.
KCOM completed a full fibre broadband roll out to around 200,000 properties across Hull and East Yorkshire last year and has switched its attention to pushing beyond the company’s traditional geographic boundaries.
KCOM Chief Executive Dale Raneberg said: “This new programme will more than double our investment in FTTP.
"The first phase of our plans will bring broadband to many more homes and businesses in East Yorkshire and North Lincolnshire. By investing to develop and expand our networks we hope to deliver benefits to residents through infrastructure that will also underpin growth and innovation across the region.”
KCOM’s expansion plans are the first phase of a wider programme of investment to increase regional fibre accessibility, supported by its new owner, MEIF 6 Fibre, a wholly-owned subsidiary of Macquarie European Infrastructure Fund 6 SCSp, an investment fund managed by Macquarie Infrastructure and Real Assets (Europe), which acquired the company in August 2019.