Latest news with #fullfibre
The Independent
17-07-2025
- Business
- The Independent
Openreach plans to remove 100 tonnes of plastic from supply chain
Broadband giant Openreach has announced moves to remove 100 tonnes of plastic from its supply chain. The company said new 'modems' will be used to connect customers to its full fibre network. The business is launching a range of new optical network terminals with re-engineered casings made mainly from recycled plastic. Engineers installed around two million of the terminals last year and Openreach said it expects to install more this year. Abby Chicken, head of sustainability for Openreach, said: 'Our mission will deliver a more sustainable, reliable network and serve as the digital platform for a greener economy. 'We recognise the environmental impact of building that future, and that's why we're committed to using fewer materials and reducing waste.'
Times
14-07-2025
- Business
- Times
Business live: Work begins on Port Talbot electric arc furnace
CityFibre, the UK's largest independent full-fibre platform, has reached an agreement with its shareholders and existing lenders on a major £2.3billion financing round, accelerating its next phase of growth. The financing includes £500 million in new equity secured from CityFibre shareholders, Infrastructure at Goldman Sachs Alternatives, Antin Infrastructure Partners, Mubadala Investment Company and Interogo Holding. Greg Mesch, chief executive of CityFibre, said: 'This round of financing will supercharge CityFibre's next phase of growth, as we consolidate the altnet sector . . . for the benefit of all our partners, their customers and for the UK economy.' CityFibre constructs and maintains a pure fibre-optic network, delivering fibre‑to‑the‑premises (FTTP) to homes and businesses. Construction has started on Tata Steel's arc furnace at Port Talbot steelworks. The new furnace will secure 5,000 jobs at the steelworks and is made possible by a £500 million grant provided by the government. The funding was agreed by Labour after only ten weeks in office. The new furnace is expected to reduce Port Talbot's carbon emissions by about 90 per cent. The Bank of England is ready to make larger cuts to interest rates if the jobs market shows signs of a pronounced slowdown, the governor Andrew Bailey said in an interview in The Times. He said the economy was growing behind its potential, opening up 'slack' that would help to bring down inflation, which is expected to rise above 3.4 per cent when official figures for June are published this week. Read more about his views on Trump, stablecoins and the future of the dollar here. Asian stock markets were higher in muted trading, bitcoin hit a new high of $122,372, and the dollar strengthened after US tariff threats kept investors unsettled. The FTSE 100 is expected to open flat, but markets in the European Union are forecast to fall after the EU delayed planned retaliatory tariffs on €21 billion of American goods until next month after the Trump administration threatened to impose a 30 per cent levy on the bloc's products. Trump said on Saturday that he would impose a 30 per cent tariff on most imports from the EU and Mexico from August 1. The strong dollar left the pound trading at $1.3471. It was trading above $1.36 last week.
Yahoo
01-07-2025
- Business
- Yahoo
Openreach expands full fibre broadband rollout to another 21 locations
Openreach has added a further 21 locations to its full fibre broadband rollout as part of a plan to connect up to five million more homes and businesses by next March, the company announced. The new locations cover around 80,000 rural and urban premises across the country including: Belmont, in Lancashire; Cheriton Bishop, in Devon; Didcot, in Oxfordshire; Innsworth, in Gloucestershire; Silverdale, in Lancashire; and Woburn Sands, in Buckinghamshire. The company is reaching an average of 85,000 new premises every week. Clive Selley, chief executive of Openreach said: 'This is a UK infrastructure success story, so it makes sense for us, and the country, to push hard on the accelerator pedal. 'Our new network is helping to drive economic growth, create jobs, and will be the backbone of a prosperous, globally connected and competitive UK. 'Last year was our biggest year of build ever – reaching well over four million homes with this life changing technology.'
The Independent
01-07-2025
- Business
- The Independent
Openreach expands full fibre broadband rollout to another 21 locations
Openreach has added a further 21 locations to its full fibre broadband rollout as part of a plan to connect up to five million more homes and businesses by next March, the company announced. The new locations cover around 80,000 rural and urban premises across the country including: Belmont, in Lancashire; Cheriton Bishop, in Devon; Didcot, in Oxfordshire; Innsworth, in Gloucestershire; Silverdale, in Lancashire; and Woburn Sands, in Buckinghamshire. The company is reaching an average of 85,000 new premises every week. Clive Selley, chief executive of Openreach said: 'This is a UK infrastructure success story, so it makes sense for us, and the country, to push hard on the accelerator pedal. 'Our new network is helping to drive economic growth, create jobs, and will be the backbone of a prosperous, globally connected and competitive UK. 'Last year was our biggest year of build ever – reaching well over four million homes with this life changing technology.'
The Independent
30-06-2025
- Business
- The Independent
Full fibre broadband added to another 21 locations. Here's where
Openreach has added a further 21 locations to its full-fibre broadband rollout, the company announced. The extension forms part of a plan to connect up to five million more homes and businesses by next March. The new locations cover around 80,000 rural and urban premises across the country, including: The company is reaching an average of 85,000 new premises every week. 'This is a UK infrastructure success story, so it makes sense for us, and the country, to push hard on the accelerator pedal,' Clive Selley, chief executive of Openreach, said. 'Our new network is helping to drive economic growth, create jobs, and will be the backbone of a prosperous, globally connected and competitive UK. 'Last year was our biggest year of build ever – reaching well over four million homes with this life changing technology.' In April, Openreach warned that around one million people in regions across the UK could be 'left behind' on digital connectivity due to red tape blocking broadband upgrades to flats and apartments. The company said hundreds of thousands of homes across London could be affected, as well as areas such as the Tees Valley, where so-called multi-dwelling units (flats or subdivided houses) risk missing out. Selley said: 'While the majority of homes and businesses in the Tees Valley are going to benefit from our massive investment in transformational broadband technology, tens of thousands of flats are at risk of missing out. 'It's frustrating that we've built our full-fibre network right to the 'front door' of most of these properties, but we can't get inside. 'It's possible that some people will be stuck with slower connections for years whilst their neighbours enjoy ultra-fast, ultra-reliable broadband, which research suggests will boost productivity and prosperity.' Openreach said a change in the law would unlock many of the estimated one million premises in UK flats or subdivided houses where it has built Full Fibre to the door but has not been able to gain access.
