UK ISP Truespeed, which is currently focused on rolling out a 10Gbps capable Fiber to the Premises (FTTP) broadband network in rural Bath and Somerset, England, today announced that it is investing An additional £8m of its budget to be expanded to additional premises in 5 towns and villages.
The operator, which has so far covered 200 communities across Somerset and confirmed last year that it had run a “ambitious goal of reaching 500,000 properties within five years(i.e. by the end of 2026), is currently funded by a £175m Aviva investment.
REMARK: The provider usually offers “free broadband for life» to schools and associations through its network (100 sites have already benefited from it).
The good news is that another 9,500 premises (residences and businesses) in the towns and villages of Peasedown St John, Midsomer Norton, Radstock, Keynsham and Saltford have now been added to their rollout plan (Truespeed already has an existing network in part of the last three locations).
Construction and development works are already well advanced in the five zones. Customers at Peasedown St John, Saltford and Keynsham can expect to be online in mid-summer, followed closely by Radstock and Midsomer Norton which will be commissioned by the end of summer 2022.
James Lowther, CEO of Truespeed, said:
“We are delighted to extend our existing network in Radstock, Keynsham and Saltford so that more people can benefit from Truespeed’s ultra-reliable fiber optic connectivity. Expansion into new areas including Peasedown St John and Midsomer Norton will provide homes and businesses with better access to superfast broadband, essential in everyday life.
Truespeed is working hard to deliver an exceptional broadband experience to all of our customers and improve connectivity across the region.
Customers of the service typically pay from £40 per month for a symmetric 150Mbps speed plan over an 18-month contract term (currently reduced to £25), rising to £70 for their top tier of 900Mbps (currently reduced to £49). The service also includes free phone service, installation and a heavily restricted router. Currently, you can also get the first 3 months of service for free.
The ISP has also frozen its prices until May 2023 and offers a 30-day money-back guarantee.
Truespeed informed us, for the first time, that they have so far completed coverage for 40,000 premises, which, it should be noted, is somewhat short of their original target of 75,000 by the end of 2021, set a few years earlier. No one ever said rural FTTP builds were easy…or fast.