UK Local Broadband Specialists Dial Up £ 100m Debt Facility From International Banking Consortium

A leading broadband provider for homes and businesses in the countryside of western England Air band We have successfully completed a significant £ 100m debt package from international banking consortia such as HSBC, Lloyds, Node LB and Sabadell. Debt facilities allow broadband specialists to accelerate deployment plans with a view to servicing 600,000 facilities with full fiber broadband by 2025.

The company’s deployment of full-fiber broadband services covers over 10,000 km of fiber to eliminate the digital divide found among urban and rural communities throughout the UK. Ofcom recently reported that people are living more and more virtual lives, and data usage in the UK has increased about 10-fold between 2013 and 2019.

Reliable broadband access

Founded in 2009, the regional broadband specialist operates in nine counties in the United Kingdom, including Midlands, Shropshire, Cheshire, Herefordshire, Oxfordshire, Wales, Devon and Somerset.

Redmond Peel, the founder of Airband, commented: The pandemic is increasingly emphasizing the deficits faced by some UK communities when it comes to services that urban dwellers take for granted. From home education and online grocery shopping during the blockage to digitalization of many services such as banking and streaming entertainment, access to reliable high-speed broadband suitable for modern life is a luxury. Is not considered. Basic utility. “

National and local government partners

Airband has been a long-time partner of both national and local organizations, growing rapidly and becoming the largest infrastructure provider in the region serving, and the platform can now support 100,000 facilities. With increasing demand, regulatory changes, and the availability of government subsidies, Airband has a unique opportunity to deploy ultra-fast Internet using the promising Gigabit-enabled Fiber to the Premises (FTTP) technology. Was born. This is achieved by identifying underserved areas and working with communities, local governments and governments to install the infrastructure needed to provide full fiber connectivity.

Local economic support

Redmond goes on to say: “Not only will we provide full fiber to the community, but we will also make full fiber available to the local people at an affordable price. We are investing in the community that provides the service until we support the local economy by creating jobs in the area. “

Airband also promotes projects within the community that have a positive impact on society. For example, on a tactically important farmland in Romansleigh, North Devon, we have granted Devon Air Ambulances access to broadband. This allowed the service to establish a night landing site using remote control lighting on the utility poles of the airband for safe operation.

UK Local Broadband Specialists Dial Up £ 100m Debt Facility From International Banking Consortium

Source link UK Local Broadband Specialists Dial Up £ 100m Debt Facility From International Banking Consortium

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