£1 billion will spent on the project which is targeting those in underserved regions.
Upp has announced that they are to invest £1 billion in bringing gigabit broadband to a million homes and businesses in the East of England.
Formerly known as FibreMe, they plan to bring the service to what they describe as “underserved regions” by constructing a new fibre-to-the-premise (FTTP) network.
The full list of the towns and cities that will be served by this deployment has yet to be published, but the provider confirmed that work has begun in several locations in Norfolk and Lincolnshire.
The project is backed by international investment firm LetterOne who also own, amongst many other things, the health and wellness chain Holland & Barrett.
A total of 600 new jobs are expected to be created by this build which Upp hopes to have fully completed by 2025.
“I am thrilled to lead such a talented, dedicated and experienced team. We are excited to partner with an investor who not only matched our passion and ambition for the opportunity but is committed to developing the UK’s digital infrastructure,” said Upp’s CEO Drew Ritchie.
“I’m delighted to say that LetterOne has more than met these criteria, backing the business with substantial funding that allows us to concentrate on delivering next level broadband to the communities that need it most.”
Source: Total Telecom
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