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304:, with plans to reach one million homes by extending its services to large UK cities and towns by the end of 2017. The company was unsuccessful in reaching its target of one million premises, having only reached half a million premises by the end of 2018. It ultimately reached the one million milestone in November 2022.
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By
November 2022, Hyperoptic had finally hit its milestone of passing one million premises - five years later than it had intended. Having only passed one million premises by the end of 2022, it pushed its target of reaching two million premises back to 2023, before again pushing it back to 2024.
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In August 2018, Hyperoptic announced it had raised £250 million in funding from eight banks to extend its full-fibre network to two million homes and businesses by 2022, with plans to cover 5 million premises by 2025. In
November 2018, Abu Dhabi’s sovereign wealth fund,
307:
By March 2013, Hyperoptic had installed its fibre optic network in 20,000 homes in London. Two months later, in May, the company received an equity investment commitment of £50 million led by
Quantum Strategic Partners, a private investment vehicle managed by
279:
as bcube
Limited on 13 April 2010 by Dana Tobak, becoming known as Hyperoptic Limited on 6 April 2011. Boris Ivanovic joined Tobak as co-founder and chairman of Hyperoptic, with the pair having previously founded
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enabled consumer broadband, with the UK average at the time of inception being just 7Mbps – ranking the UK in 25th place for global broadband speeds. It launched on 14 September 2011, rolling out its own
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Hyperoptic was one of the top 5 fibre network companies in the UK by network size in March 2023, covering 1.4 million homes and servicing 300,000 customers by the end of the year.
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In June 2023, it was announced 6% of
Hyperoptic's workforce were facing redundancy, following a shift in focus from rolling out its network to connecting customers.
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332:, acquired a minority stake in Hyperoptic. At the time of the acquisition, the company's network covered 500,000 premises across 30 UK cities.
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In July 2024, a further £150m loan was secured from the UK Investment Bank (UKIB), bringing its debt facility to more than £1.1bn
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network in the United
Kingdom. As of July 2024, it had passed 1.7 million premises and had 340,000 connected customers.
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https://www.telecomtv.com/content/access-evolution/hyperoptic-lands-another-150m-to-fuel-its-fibre-dream-50786/
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https://www.telecomtv.com/content/access-evolution/hyperoptic-lands-another-150m-to-fuel-its-fibre-dream-50786/
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had bought a majority stake in
Hyperoptic from funds managed by Newlight Partners LP and
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416:"Hyperoptic Limited Report and Financial Statements Year Ended 31 December 2022"
387:"Hyperoptic Limited Report and Financial Statements Year Ended 31 December 2022"
704:"Soros leads £50 million funding round for UK FTTH service provider Hyperoptic"
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748:"UK's Hyperoptic raises 250 million pounds to extend its 1GPs fibre network"
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829:"BT rival Hyperoptic cuts more than 100 jobs in latest broadband lay-offs"
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864:"The Top 10 Full Fibre Alternative Networks by Estimated UK Coverage"
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Companies based in the London
Borough of Hammersmith and Fulham
803:"ISP Hyperoptic Top 300,000 Customers on UK Full Fibre Network"
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648:"Abu Dhabi wealth fund takes stake in fibre group Hyperoptic"
249:. Founded in April 2011, it is headquartered at Kings House,
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On
October 14, 2019, it was announced that investment firm
312:. Following this, it announced its intention to expand to
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Hyperoptic was launched in response to market demand for
593:"Hyperoptic bring first 1 Gig residential product to UK"
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16:
British full fibre network and internet service provider
483:"Q&A: Boris Ivanovic on Britain's Broadband Vision"
730:"What is Hyperoptic? Gigabit broadband for UK cities"
985:Telecommunications companies of the United Kingdom
676:"Broadband start-up offers one gigabit per second"
980:Internet service providers of the United Kingdom
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284:together in 2005, a business they later sold to
776:"KKR Acquires Majority Stake in Hyperoptic"
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25:
558:"O2 buys broadband provider Be for £50m"
916:"Hyperoptic reaches customer milestone"
523:"Hyperoptic – Small business, big idea"
300:network to large complexes of flats in
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890:"Hyperoptic reaches 300,000 customers"
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456:"HYPEROPTIC LTD overview - GOV.UK"
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619:"Hyperoptic UK ISP Interview"
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258:Fibre to the Premises (FTTP)
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425:. November 2023. p. 38
341:Mubadala Investment Company
330:Mubadala Investment Company
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241:company that provides
114:(CEO & co-founder)
59:; 13 years ago
310:Soros Fund Management
189:£527.8 million (2022)
172:£(7.5) million (2022)
155:£62.3 million (2022)
138:£78.7 million (2022)
894:Advanced Television
623:www.ispreview.co.uk
599:. 14 September 2011
205:Number of employees
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920:ComputerWeekly.com
239:telecommunications
235:Hyperoptic Limited
57:April 6, 2011
20:Hyperoptic Limited
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780:KKR & Co. Inc
656:. 7 November 2018
625:. 7 November 2011
247:internet services
243:digital telephone
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125:Internet Services
48:Telecommunication
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282:Be Broadband
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214:1,865 (2022)
179:Total assets
80:Headquarters
34:Company type
926:13 February
900:13 February
848:13 February
813:13 February
760:13 February
714:13 February
688:13 February
660:13 February
629:13 February
603:13 February
577:13 February
542:13 February
502:13 February
467:13 February
429:13 February
400:13 February
92:Area served
974:Categories
785:2019-10-22
597:Hyperoptic
423:Hyperoptic
394:Hyperoptic
360:References
298:full fibre
224:hyperoptic
162:Net income
111:Dana Tobak
104:Key people
64:2011-04-06
843:0307-1235
708:Lightwave
572:0261-3077
537:0261-3077
497:0261-3077
874:13 March
122:Products
72:Founders
44:Industry
753:Reuters
734:Recombu
322:Reading
318:Cardiff
314:Bristol
293:gigabit
275:in the
267:History
219:Website
130:Revenue
62: (
54:Founded
38:Private
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302:London
251:London
84:London
419:(PDF)
390:(PDF)
194:Owner
928:2024
902:2024
876:2023
850:2024
839:ISSN
815:2024
762:2024
716:2024
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662:2024
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605:2024
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568:ISSN
544:2024
533:ISSN
504:2024
493:ISSN
469:2024
431:2024
402:2024
320:and
245:and
226:.com
337:KKR
198:KKR
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
