4th October 2021. Currently building in 6 market towns, this new £100 million investment will support Zzoomm’s goal of connecting 1 million properties by 2025.
4 October 2021, Zzoomm 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.
Commenting on this new development, Matthew Hare, said:
“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.”
Enquiries:
Zzoomm plc.
Chris Collinson, Chief Commercial Officer Tel: 07977 246661
Email: chris.collinson@zzoomm.com Louise Eastell, Content Manager
Email: louise.eastell@zzoomm.com
Note to editors:
About Zzoomm PLC (Zzoomm / Twitter / Facebook / LinkedIn / Instagram / YouTube)
Zzoomm is expanding this Full Fibre service to market towns across the UK with ambitions to pass 1 million properties over the next five years. Zzoomm completed the build of its first town Henley- on-Thames in 2020 and has started construction in Hereford, Thirsk, Cannock, Crewe, Sandhurst, Crowthorne, Northallerton and Easingwold.
Full Fibre networks run fibre cables directly into each home and business they serve. Zzoomm’s Full Fibre broadband service provides next-generation multi-gigabit speeds of up to 10Gbps (10,000Mbps). Zzoomm’s services start at £29 per month including VAT for 150Mbps home broadband. Business services start at £39 per month ex VAT. Zzoomm also delivers Enterprise services over dedicated fibre connections for larger businesses.
Zzoomm was founded in December 2018 by experienced fibre network entrepreneur Matthew Hare OBE. Matthew previously founded ultrafast rural fibre broadband provider Gigaclear in 2010, which was acquired by Infracapital in 2018 for £270 million.