Founded by the former head of the National Broadband Plan, the company has received £220m (€260m) in funding to help introduce government-subsidized rural broadband to Northern Ireland.
onal Henry’s Fibrus, co-founded with CEO Dominic Kearns, announced it has received the investment from UK Infrastructure Bank. Mr. Henry conducted the first bid for the National Broadband Plan in conjunction with the bid chairman, David McCourt.
The Northern Ireland Executive is investing £197m (€233m) of public money in the scheme, which aims to connect 330,000 homes outside of commercial operators’ high-speed network.
Fibrus says it’s already available to 120,000 homes and businesses in the North, with a target of 250,000 by the end of this year.
It says it is nearing the completion of its launch in Omagh, while other towns such as Ballymoney, Cookstown, Downpatrick, Dromore, Coleraine and Banbridge are due to be ready before the end of 2022.
The company has also entered the English market, where it will roll out broadband connections in the north-west province of Cumbria.
“Too many homes and businesses have been left behind by other broadband providers and that is unacceptable,” said Colin Hutchinson, Fibrus’ chief financial officer.
“This latest investment helps us meet our current plan to connect 330,000 buildings and we are already well ahead of schedule. We are making Northern Ireland a better place to live, work and invest.”
https://www.independent.ie/business/technology/company-of-ex-nbp-boss-lands-260m-funding-for-rural-rollout-in-north-41507720.html Former NBP chief’s company receives €260m funding for rural northern launch