Increasingly, investors are warning the vast amounts of funding going into Britain’s broadband could lead to “overbuild”, where multiple networks compete for the same areas, making it more difficult for smaller challengers to survive.Ī report by the Internet Service Providers Association, which includes BT, claimed the “sheer number of companies building networks is unsustainable”, adding the market had reached “saturation”. Users across India, Sri Lanka, Peru, London, New Delhi, New York, Brazi, Netherlands, Germany, Egypt, Columbia, Kazakhstan, Sweden, Romania, Trinidad & Tobago, Ireland, among others complained about facing issues on WhatsApp.
Facebook: Whatsapp is also down (Image: GETTY) For Facebook, it is reporting up to 123,909 in the last hour. According to DownDetector, the issues started hitting users around 1:30 AM on Wednesday.
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Increasingly, these broadband challengers to BT have been eyeing mergers and consolidation.Ī study by INCA, which represents independent networks, found that investors had earmarked £12bn to plough into Britain’s broadband infrastructure.īT meanwhile is spending £12bn with the aim of connecting 25 million homes to full fibre broadband by the late 2020s. JUST IN: Brexit LIVE: Cameron and Osborne mocked after Sunak speech. The Telegraph reported in August that Hyperoptic, which has already raised hundreds of millions of pounds for its fibre network, was planning to return to debt markets to fund further expansion.Ĭlose to 100 alt nets have been wiring up homes across the UK, fuelled by infrastructure investors. Olaf Swantee, the former chief executive of EE and chairman of Community Fibre, said: “The lenders and our shareholders share the view that Community Fibre’s momentum will further strengthen its position as the best and largest fibre-to-the-home provider in London.” Investment bankers Rothschild advised on the funding.Ĭommunity Fibre, which has focused on social and council housing, secured investment from the state-backed National Digital Infrastructure Fund, which is managed by Amber, in 2018.ĭebt financing has poured into new rivals to BT that have taken on its Openreach network, laying fibre optic cables that provide faster network connections than Britain’s ageing copper wire network.Ĭityfibre, which is building a rival to BT’s Openreach network, has raised £4.9bn in debt. The fibre roll out will focus on London and the South East, where it has so far connected 675,000 homes, building and operating its own broadband network. The £985m in funding adds to £400m raised by Community Fibre in 2020.
A private equity backed-challenger to BT has secured nearly £1bn in funding to expand its full-fibre network across London, the latest injection of capital into the so-called “alt nets” taking on the former state monopoly.Ĭommunity Fibre, which is backed by US fund Warburg Pincus, Deutsche Telekom, infrastructure fund Amber and the railways pensions scheme, is planning to wire up 2.2 million London homes to full fibre broadband by 2024.
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