CityFibre welcomes Hyperoptic's FTTH funding boost

CityFibre has welcomed news that fellow fibre optic network operator Hyperoptic has secured £50 million of funding.

Announced last week, the equity investment - led by Quantum Strategic Partners - will support Hyperoptic's ambition to bring fibre-to-the-home (FTTH) broadband to more than 500,000 UK properties.

Britain currently lags behind many other European nations in terms of pure fibre optic broadband connectivity, leading CityFibre to hail this new commitment as "exactly what the UK needs".

The largest provider of open-access FTTH infrastructure in the country, CityFibre recently made a pledge to bring the technology within reach of more than one million homes in the next five years.

FTTH is the only network architecture capable of fulfilling the ever-growing demand for bandwidth from consumers and businesses alike, CityFibre claimed.

The company added: "It is widely acknowledged that super-fast broadband services delivered over FTTH are the endgame of next-generation internet access in the home, capable of meeting consumers' needs both now and in the future."