ITS gets £45 million investment to expand its full fibre network
We are a little late in covering that ITS has secured a £45 million investment from Aviva Investors simply because there has been so much going on in the last week in terms of finding new bits of FTTP networks.
I took over the reins of the business in early 2018 and focused on reshaping the business; strengthening all aspects of our operations and strategic approach. This has created a strong foundation for this next phase of our growth.
We are really excited to be working in partnership with an investor of Aviva’s calibre. It gives us considerable financial backing to further flex our reuse muscles and continue to take advantage of the opportunities ahead. This approach allows us to connect more customers to full fibre far quicker than the industry norm. With BT’s public switched telephone and copper network switch off plans now in progress, the race to build alternative futureproof full fibre IP-based networks is on to ensure coverage and choice for end-users – ITS is proud to be playing our role in achieving the UK’s ambitious plans.Daren Baythorpe CEO at ITS
The current ITS footprint is on our maps and includes for example the FTTP network they have built along the Fylde Coast in Lancashire. The latest batch of investment should allow them to more than double the current footprint to around 200,000 premises passed.