Dale shares this exciting news about Gigabit Island on behalf of WightFibre. Ed
WightFibre announces ground breaking investment to roll out full-fibre, future proof, ultrafast broadband across the Isle of Wight.
- £35m investment from Infracapital, including funds from the government’s Digital Infrastructure Investment Fund
- Gigabit (1,000Mb) speeds available to homes and businesses across the Island by 2021
- Investment will create The ‘Gigabit Island’ giving the Island some of the fastest broadband speeds in the world.
WightFibre is the first company in the country to receive investment from the government’s new Digital Infrastructure Investment Fund, which was launched by HM Treasury in July this year.
UK’s first ‘Gigabit Island’
WightFibre’s full-fibre broadband network will provide speeds of up to 1Gb (1,000Mb) or faster to over 50,000 homes and businesses across the Island, including areas of the Island not previously served by WightFibre. This will create the UK’s first ‘Gigabit Island’.
Full-fibre broadband uses fibre optic cabling all the way from the exchange into the home. This compares to existing broadband infrastructure on the Island which uses fibre to the cabinet but then copper twisted pair from the cabinet to the home.
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Handling broadband demands for decades to come
WightFibre’s chief executive officer, John Irvine, said:
“Just ten years ago few of us could have imagined just how much we
would all be using the Internet both at home and work. Traditional copper networks have struggled to keep up with demand.
“The new WightFibre full-fibre network will be capable of handling the Island’s broadband demands for decades to come, catapulting the Island into the front line of the new digital economy.”
A proven capability to deliver good service
James Harraway, Director of Infracapital, commented:
“We are extremely pleased to announce our investment in WightFibre.
“This is the first investment by Digital Infrastructure Investment Partners, jointly with Infracapital’s Greenfield strategy, WightFibre has a strong local brand and has a proven capability to deliver good service and fast broadband to homes and businesses on the Isle of Wight, and we look forward to supporting the expansion of its network, to the benefit of customers Island-wide.”
A first-class connectivity fit for the future
The Exchequer Secretary to the Treasury, Andrew Jones MP, said:
“I am delighted that just four months since launching the Digital Infrastructure Investment Fund, we are already seeing investment in full fibre broadband flourish.
“Today’s investment will help provide people living and working on the Isle of Wight with first-class connectivity fit for the future.
“Working with private investors, we will be awarding providers more than £1 billion to bring this gold standard of broadband to people and businesses in all corners of the UK.”
MP: “Great news for the Island”
Isle of Wight Conservative MP, Bob Seely, welcomed the announcement,
“This investment is great news for the Island and will mean
the majority of homes will soon have some of the fastest broadband speeds in the world.
“The Isle of Wight’s WightFibre is the first company in Britain to receive investment from the government’s new Digital Infrastructure Investment Fund.
“This is a huge vote of confidence both in WightFibre and in the ambitious plans for the Island to become a digital hub.”
IWC support for project
Chris Ashman, Director of Regeneration for the Isle of Wight Council, commented,
“The Isle of Wight Council was delighted to support WightFibre in securing this investment and I am pleased that this announcement could be made at the inaugural Digital Solent conference.
“Good broadband infrastructure is an important factor in attracting new investment and new jobs to the Island, and sits alongside the aspirations we have for our emerging Island digital strategy. This investment in WightFibre will make the Island an even more attractive place to live and work for companies considering setting up here.”
Protecting and creating jobs
The investment will safeguard 34 jobs and create around new 20 permanent jobs at WightFibre and 120 temporary jobs during the build phase of the new network.
The new network will be built over the next five years. WightFibre will provide details of availability of the service in the coming months. In the meantime, Islanders interested in receiving the service can register their interest via the Website.
More details can be found in the information document below:
