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UK's Full Fibre Broadband Provider Zzoomm Raises £100m

UK's Full Fibre Broadband Provider Zzoomm Raises £100m Image Credit: Zzoomm

Zzoomm, a full fiber broadband provider in the UK, has completed another financing round in September, from a consortium of international banks led by ING Bank, with Hamburg Commercial Bank and Kommunalkredit Austria.

This investment is a £100m debt facility, allowing Zzoomm to accelerate the rollout of Full Fibre broadband networks. 

 

Further expansion across the towns and cities of Hereford, Thirsk, Sandhurst, Crowthorne, Cannock, Crewe and Northallerton are underway. The plans for several new towns to benefit from Zzoomm’s Full Fibre broadband connection will be announced in the coming weeks.

Matthew Hare, CEO, Zzoomm
This new investment provides substantial additional capital to drive our network expansion plans forward at full speed. Our goal is to deliver brilliant broadband to the homes and business that we serve.  With the support of our new banking partners, we can go further, faster, and bring Zzoomm Full Fibre happiness to many more people over the coming weeks, months and years.

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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

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