Zzoomm Full Fibre broadband raises £100m from international banking consortium to further accelerate network build across the UK
Oct 6, 2021
Zzoomm completed another financing round in September, from a consortium of international banks led by ING Bank, with Hamburg Commercial Bank and Kommunalkredit Austria.
This investment is a £100m debt facility, allowing Zzoomm to accelerate the rollout of Full Fibre broadband networks. Further expansion across the towns and cities of Hereford, Thirsk, Sandhurst, Crowthorne, Cannock, Crewe and Northallerton are underway. The plans for several new towns to benefit from Zzoomm’s Full Fibre broadband connection will be announced in the coming weeks.
Commenting on this new development, Matthew Hare, said:
“This new investment provides substantial additional capital to drive our network expansion plans forward at full speed. 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 coming weeks, months and years.”
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