New ISP to start FTTP roll-out in South Lincolnshire
Lightspeed Broadband is a new full fibre ISP that has funding of up to £300 million, £55 million initial investment and opportunity to grow that to £300 million.
The part of England they are looking to roll-out in is South Lincolnshire with towns such as Boston, Bourne, Holbeach, Kings Lynn, Market Deeping, Skegness, Sleaford, Spalding, Stamford. There is some Openreach FTTP already in some of these places but nothing on the scale that Lightspeed Broadband is aiming for.
These are exciting times for digital connectivity, and we are delighted to be a part of it. We are making a commitment to deliver a Gigabit broadband experience to the heart of the east of England which will unlock the potential of the region.
The need for high-speed, reliable internet, is growing faster than ever as a result of the continually increasing demand for professional home working, multi-user high quality online entertainment, high speed gaming, home schooling and affordable multi-video, face-to-face call services.
We might appear to be the new guys on the block, but in reality, we are a life-long, experienced team of telecoms experts that have spent decades building and managing telecoms networks at BT. Collaborating with communities and local authorities we will start building immediately in market towns in South Lincolnshire, bringing thousands of homes and businesses access to essential the full fibre, ultra-reliable gigabit broadband they deserve, and then expanding across the region to meet customer needs.Steve Haines CEO for Lightspeed Broadband
The initial build aim is some 100,000 homes by the end of 2022 and then 1 million by the end of 2025. The simple calculation of initial investment divided by homes passed suggests aiming at £550 per home. This suggests a focus on the denser parts of each town, rather than 100% coverage that includes those 2 or 3 miles outside the towns.
Work is said to be starting immediately so its time to keep eyes open for progress and those first live areas and pricing.