- Investment follows the announcement of nexfibre’s acquisition of Netomnia, unlocking £3.5 billion of investment in the wider UK economy
- Up to 14,000 homes and businesses in Adur set to benefit
Up to 14,000 homes and businesses in Adur will benefit from a broadband upgrade after nexfibre announced plans to invest up to £2.3 million on digital infrastructure in the area.
This investment has been announced by nexfibre, the wholesale full-fibre network provider, following the news of its acquisition of Netomnia earlier this year.
The deal, welcomed by Lord Stockwood, Minister for Investment, will give local residents in Adur faster access to full-fibre broadband, futureproofing their connectivity needs for the decades ahead. The fibre network will be available to all internet service providers, ensuring local people have a wide choice of broadband services.
Following approval, homes and businesses connected to Virgin Media O2’s network will be upgraded to full-fibre connectivity.
The transaction as a whole will unlock £3.5bn of international investment, providing a boost to the UK economy, as well as ensuring millions of network upgrades take place across the country.
Rajiv Datta, Chief Executive Officer of nexfibre, said:
“We are committed to delivering high quality connectivity to everyone across the country. Full-fibre broadband is a crucial driver of economic growth, and our investment in Adur will help deliver better access to education, jobs, and opportunities that can transform lives and uplift entire communities.”