Quickline secures £12m funding to rollout ultrafast broadband across the North
Wireless internet provider Quickline has secured £12 million funding to support the build-out of its fibre backed fixed wireless network business across the North of the UK.
Steve Jagger, Founder and CEO of Quickline, which was acquired by Bigblu Broadband in August 2017, said:
“This is fantastic news for Quickline. We believe that everyone in the UK should have access to high speed internet no matter where you live or work and this funding will allow us to significantly expand the size and scale of our infrastructure into rural and hard-to-reach areas.
“By using a hybrid of fibre-optic and 5G fixed wireless access technologies we will be offering speeds of 100Mbps or more, with no caps on data. We aim to connect over 30,000 homes in the region over the next couple of years.
“It also means we can look to consolidate the marketplace and leverage government grants such as those issued by Building Digital UK (BDUK) to further invest in rural broadband projects.”
The £12 million investment has come from Quickline’s parent company Bigblu.
Andrew Walwyn, CEO of Bigblu Broadband commented:
“Since we acquired Quickline, its performance has exceeded our ambitious expectations. It has also been at the forefront of broadband technology developments to deliver fixed wireless services, with fibre like performance, without the high cost and lengthy timescales associated with full fibre roll-out.
“The market opportunity for a fibre backed fixed wireless network roll-out has never been so attractive with significant investment in the space, including government support, which will mean many more homes and businesses will get connected to next generation ultrafast broadband sooner and cheaper than before.”
This was posted in Bdaily's Members' News section by Fiona Dwyer .