New £4.3m Oxford investment with 27,000 homes to benefit

Nexfibre has revealed plans for a major broadband upgrade with the multimillion investment in digital infrastructure in the area.

The wholesale full-fibre network provider acquired Netomnia earlier this year, and the deal will give Oxford residents faster access to full-fibre broadband.

This fibre network will be available to all internet service providers, ensuring local people have a wide choice of broadband services.

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Following approval, homes and businesses connected to Virgin Media O2’s network will be upgraded to full-fibre connectivity.

Rajiv Datta, Chief Executive Officer of Nexfibre, said:  “We are committed to delivering high-quality connectivity to everyone across the country.

“Full-fibre broadband is a crucial driver of economic growth, and our investment in Oxford will help deliver better access to education, jobs, and opportunities that can transform lives and uplift entire communities.”

The transaction as a whole is said to be unlocking £3.5bn of international investment, providing a boost to the UK economy, as well as ensuring millions of network upgrades take place across the country.

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As part of its broader investment in the area, Nexfibre also partners with UK Youth to offer free full-fibre broadband to youth centres across the UK to help tackle digital poverty.

Access to quality full-fibre broadband and better connectivity is critical to boosting the prospects of disadvantaged young people and stoking economic growth.

Up to seven youth centres in Oxford could benefit from the partnership.

Nexfibre’s network currently covers more than 2.6 million premises across the UK, and the combined network’s full-fibre footprint is expected to reach around 8 million premises by the end of 2027.