4th Utility secures ‘game-changing’ £25m investment from NIBC Bank
Fast-growing full fibre broadband provider 4th Utility has received a £25m investment to boost its ambitious plans for expansion.
The firm, which provides ultrafast connectivity to communities across the UK, has secured the “game-changing” funding from Netherlands-based NIBC Bank, and will now look to accelerate growth and connect more homes than ever before.
4th Utility provides fast, low-priced internet to various areas across the UK. And with a focus on digital connectivity for families and communities most in need, its social tariff offering is one of the cheapest on the market.
The firm partners with residential and commercial landlords and property developers to design, install and upgrade their properties with state-of-the-art FTTP infrastructure, bringing homes a futureproof standard of connectivity.
It recently announced its biggest ever connectivity project in Greenwich, London – and the funding announced today will allow it to expand even further.
Stuart Lees, Non-Executive Chairman at 4th Utility, said: “Today’s announcement marks another significant milestone for 4th Utility, empowering us to accelerate our vision for growth and ensure even more residential homes benefit from full fibre broadband.
“It’s brilliant to announce this new partnership with NIBC Bank and to have them join our journey. We’re also very grateful for our continued partnership with DIF Capital Partners – their support has been truly instrumental.
“Over the last few years, we’ve established a strong, stable base and have made some huge strides in growing our business alongside our market share in the UK. But this new game-changing fund means we are poised to bring fast, affordable, future-proof broadband to lots more families and communities across the UK, whilst reinforcing our commitment to digital connectivity for all.”
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