Lightning Fibre boosted by Foresight investment

Eastbourne-based Lightning Fibre's local FTTP roll out is set to speed up following investment from Foresight Group.

The full fibre provider will kick off the next phase of deployment in Eastbourne and Hastings as part of plans to serve 100,000 homes and businesses.

Lightning Fibre CEO Ben Ferriman said: “With funding now secured we can accelerate our build programme, providing multi-gigabit full fibre broadband to everyone we pass.”

Helen Downie, Senior Investment Manager at Foresight, added: “We are impressed by the progress Lightning Fibre has already made, and we are pleased to play an active part in the development of this important digital infrastructure project.”

Foresight’s advisers included Acuity Advisors, CMS and Analysys Mason while Lightning Fibre was advised by EMC Corporate Finance and DMH Stallard.

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