Tuesday, 18 June 2019

Trooli raises €30 million from European investors to fund UK FTTH rollout

Chris Kelly
Wednesday 05 June 19

Trooli aspires to deliver 500,000 FTTH connections to consumers in rural locations across the UK

 Call Flow has announced that is has raised €30 million from a host of European investors to fund the rollout of ultrafast broadband services in rural locations across the UK…

 Call Flow has announced that is has raised €30 million from a host of European investors to fund the rollout of ultrafast broadband services in rural locations across the UK.

“There is an urgent need for the higher broadband speeds and more reliable services that only true fibre offers over copper alternatives, particularly in small towns where internet users feel left behind”, Ashley Atkins, CFO of Trooli, commented.

“This investment will enable us to ramp up our build rate and use our rapid deployment method to meet this demand with our ultra-fast broadband services,” he added.

Call Flow currently provides Fibre to the home (FTTH) services to 6,000 people in rural England. The company also provides fibre to the cabinet (FTTC) services to 12,000 people in the south of England. However, through its Trooli subsidiary, Call Flow plans to rollout up to 500,000 fibre to the home (FTTH) connections in the UK.

The latest figures published by Ofcom show that FTTH penetration levels in the UK have risen from 1 per cent to 7 per cent in the past six months, as the UK looks to pick up the pace of its full fibre rollout.

Also in the news:

KCom backs £563m takeover bid 

Hyperoptic appoints new CPO and CFO

Ofcom: UK FTTH levels now at 7 per cent

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