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 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 latest funding 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.
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“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.
“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.”
4th Utility is a fast growing, independent full fibre broadband Internet Service Provider (ISP), supplying ultrafast connectivity to homes and businesses across the UK via its own fibre optic network.
Established in 2017 and headquartered in Hale, Manchester, the company employs over 50 people. 4th Utility also offers an affordable digital inclusion tariff, 30-day rolling contracts across all packages, and 10-minute, hassle-free installation, with new customers online within 60 seconds of signing up to the service.