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Tag: gbp
BT pledges GBP 450-600 million spend to bring universal broadband to UK
2017-07-31 10:21:00| Telecompaper Headlines
(Telecompaper) All homes and businesses across the UK are set to benefit from universal high-speed broadband, the government announced, after BT offered voluntarily to offer the service across all parts of the UK, mainly delivered through Openreach. BT CEO Gavin Patterson said the proposals would involve an estimated investment of GBP 450-600 million, depending on the final technology solution.
CityFibre to raise GBP 200 mln for expansion, FTTH launch
2017-07-05 09:34:00| Telecompaper Headlines
(Telecompaper) UK operator CityFibre is planning to place GBP 200 million in a share offering to further its network expansion plans. The company will sell GBP 185 million worth of shares at 55 pence each, underwritten by Citigroup, finnCap, Liberum and Macquarie, and raise another GBP 15 million through a non-underwritten offering. With the money, CityFibre will boost its infrastructure and continue putting its focus on wholesale fibre services, namely with the acquisition of business ISP Entanet, for GBP 29 million in cash.
Tags: expansion
raise
launch
gbp
UK launches GBP 400 mln fibre investment fund
2017-07-03 10:54:00| Telecompaper Headlines
(Telecompaper) The UK government has officially launched the GBP 400 million Digital Infrastructure Investment Fund (DIIF), aimed at stimulating investment in full-fibre networks. First announced last November, the fund is expected to help the UK catch up in fast broadband, as most investment to date has gone to upgrades of the copper or cable networks, rather than rolling out FTTP services. The GBP 400 million will be available over four years, and private operators and financial investors are expected to match this with their own funds to reach over GBP 1 billion in total investment.
Tags: investment
fund
gbp
launches
3 UK to buy 4G operator UK Broadband for GBP 300 mln
2017-02-06 15:58:00| Telecompaper Headlines
(Telecompaper) Mobile operator 3 UK has agreed to acquire UK Broadband Limited, an ISP offering 4G broadband services in London, for GBP 300 million. 3 UK CEO Dave Dyson said in a statement that the takeover "gives us an opportunity to expand our ambition to provide high quality and great value internet connectivity for UK consumers". UK Broadband has around 15,000 customers in the UK, as well as 124 MHz of spectrum.
Tags: buy
operator
gbp
broadband
Ofcom fines Vodafone GBP 4.6 mln after billing problems
2016-10-26 09:04:00| Telecompaper Headlines
(Telecompaper) Ofcom said Vodafone must pay a total of GBP 4.62 million for breaching consumer protection rules in a "serious and sustained" manner. The UK regulator said the imposition follows the completion of two investigations, resulting in two penalties. In the first investigation, Ofcom found that Vodafone took money from pay-as-you go customers, without providing a service in return. This occurred when the operator moved customers to a new billing service. In the second investigation, Ofcom found flaws in Vodafone's complaints handling procedure, including mis-selling and inaccurate billing.
Tags: problems
gbp
billing
fines
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