Fibrus secures €120m UK Government deal to bring broadband to Cumbria

The Northern Ireland fibre-optic broadband company, founded by a former National Broadband Plan executive, has won a £108 million (€125.2 million) order to roll out government-subsidized broadband in northern England.

The deal with the UK Government will see Fibrus paid by Conal Henry to roll out fiber broadband to 60,000 buildings in Cumbria, an area of ​​north-west England that borders Scotland.

It is the largest single taxpayer-backed part of the UK’s £5billion Gigabit project set up to bring high-speed internet to rural areas.

Earlier this year, Fibrus announced £220m (€255m) investment funding from UK Infrastructure Bank. The Executive of Northern Ireland has invested almost £200m in public money in the scheme, which aims to connect 330,000 Northern Ireland homes outside of commercial operators’ high-speed network.

Fibrus was co-founded by Mr. Henry and CEO Dominic Kearns.

“Winning this contract to connect Cumbria expands the Fibrus investment plan to 700,000 homes and £700m and puts us on track to play a central role in the national digital infrastructure,” said Mr Kearns.

“Fibrus has already created over 350 jobs and will invest over £500m in its mission to transform digital infrastructure by bringing hyper-fast, full fibre-optic broadband to rural households and businesses in towns and villages across the UK.”

He said to date 210,000 homes have been handed over in Northern Ireland and Cumbria, with Fibrus “on target” to hand over 250,000 homes by March 2023. In Cumbria, the Fibrus broadband deployment, being provided as part of the subsidized Gigabit project, will leverage the company’s ‘Hyperfast’ brand.

https://www.independent.ie/business/technology/fibrus-lands-125m-uk-government-deal-to-roll-out-broadband-in-cumbria-42186983.html Fibrus secures €120m UK Government deal to bring broadband to Cumbria

Fry Electronics Team

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