We’re investing in critical infrastructure across the UK, including investing £100 million in KCOM’s full-fibre roll-out to over 10,000 homes in the North of England and supporting the UK’s commitment to deliver ultrafast broadband by 2025.
KCOM is one of the longest-established providers of communications services in the UK, with a history dating back to the opening of Hull’s first telephone exchange in 1904. KCOM has pioneered new technology throughout its long history: establishing Europe’s first all-digital network in 1984 and first “fast internet” service in 19981. In 2019, it underlined its track record for innovation with the creation of the UK’s first full-fibre city2.
In partnership with KCOM’s management team and workforce, Macquarie Asset Management helped set in motion a plan to more than double the company’s investment in fibre-to-the-premises technology3 – supporting its investment of over £100 million to expand it both within and beyond its traditional boundaries of Hull and East Yorkshire.
The tens of thousands of new customers in these areas are amongst the 21 per cent of homes in the UK with access to full-fibre broadband and benefiting from internet speeds of up to 1Gbps5.
KCOM’s investment in high-capacity digital networks is key to delivering greater digital inclusion. The need for which was underlined during the COVID-19 pandemic, which saw customers rely more than ever before on its ultrafast broadband to work, learn, shop, stay connected with family and friends, and be entertained from home. KCOM’s investment in upgrading its network ensured it was able to support a doubling of internet traffic on select days during the UK’s second national lockdown in 20206.
In addition to providing essential connectivity, KCOM’s ultrafast broadband network has the potential to underpin future economic growth and innovation by enabling businesses in the region to participate in the expanding digital economy. This was demonstrated in 2020 when Hull – the centre of KCOM’s fibre-to-the premises network – was recognised as the top destination for investment in the technology sector in the North of England7.
Chief Executive Officer, KCOM