Posted on 23rd Jun
Up to 7,400 homes and businesses in Newark and Sherwood could benefit from a broadband upgrade after nexfibre announced plans to invest more than £1.2m on digital infrastructure in the area.
This investment has been announced by nexfibre, the wholesale full-fibre network provider, following the news of its acquisition of Netomnia earlier this year.
The deal, welcomed by Lord Stockwood, Minister for Investment, will give local residents in Newark and Sherwood faster access to full-fibre broadband, futureproofing their connectivity needs for the decades ahead. The fibre network will be available to all internet service providers, ensuring local people have a wide choice of broadband services.
Following approval, homes and businesses connected to Virgin Media O2’s network will be upgraded to full-fibre connectivity.
The transaction as a whole will unlock £3.5bn of international investment, providing a boost to the UK economy, as well as ensuring millions of network upgrades take place across the country.
Rajiv Datta, chief executive of nexfibre, said: “We are committed to delivering high quality connectivity to everyone across the country. Full-fibre broadband is a crucial driver of economic growth, and our investment in Newark and Sherwood will help deliver better access to education, jobs, and opportunities that can transform lives and uplift entire communities.”
