Zzoomm has completed another financing round to help accelerate the rollout of full-fiber broadband networks in the United Kingdom.
The £100 million ($135 million) debt facility was provided by a consortium of international banks including ING Bank, Hamburg Commercial Bank and Kommunalkredit Austria.
Zzoomm is further expanding its fiber offering across the towns and cities of Cannock, Crewe, Crowthorne, Hereford, Northallerton, Sandhurst and Thirsk. Plans for several new towns to benefit from the company’s full-fiber broadband connection will be announced in the coming weeks.
“This new investment provides substantial additional capital to drive our network expansion plans forward at full speed,” said Matthew Hare, CEO of Zzoomm. “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 co