London based ISP Community Fibre has secured an investment of £985 million, to further accelerate its full-fibre broadband rollout to 2.2 million homes in the city by the end of 2024.
The funding comprises of £685m in committed facilities, with a further £300m uncommitted accordion.
Twenty nine London boroughs already have Community Fibres network broadband and around 675,000 houses are ready for services in the city and South East. The broadband provider is also providing free gigabit broadband to 300 community centres across London.
Graeme Oxby, CEO of Community Fibre says: “In a time of money worries for many families, Community Fibre has been able to deliver a better service for a lower price. We will now be able to accelerate our network roll out and bring these benefits to a much larger number of customers.”