A new fiber optic business network is set to deliver up to 100 Gbps (gigabits per second) of high-speed internet to London businesses, as part of a £250m ($290m) investment in the city’s infrastructure.
Vorboss was founded in London in 2006, initially as a software provider, but with the advent of cloud computing and due to growing demand from its customers, it returned to connectivity for several years – and it is now benefiting from recent regulatory changes that make existing infrastructure available to new entrants. .
The company was acquired for an undisclosed amount back in 2020 by means of fern trade which has since invested £250m to help Vorboss build what it calls “London’s only full-coverage fiber internet network for businesses”.
While BT subsidiary Openreach provides the infrastructure for most broadband service providers in the UK (with Virgin being the notable exception), a new physical infrastructure access (PIA) regulation passed back in 2019 to foster even more competition in fiber networks, it opened the doors for companies like Vorboss to make their mark.
Essentially, this new regulation allows third parties to lay their own cables in existing duct infrastructure and attach or maintain equipment to existing telegraph poles. And that’s what Vorboss has done in recent years, laying some 500 km (310 miles) of fiber optic cables directly connected to buildings (FTP) — rather than through an intermediary between copper and cabinets — with minimum speeds of 10 Gbps.
This 10Gbps baseline will cost customers £650 per month on an initial 12-month contract, and represents a marked increase in the 1Gbps cap most other services offer – and services can go as high as 100Gbps, which some of his own say. customers already received. This includes 22 Bishop’s Gatewhich became one of the tallest office buildings in the UK when it opened last year, and that pitches its connectivity as an important selling point for potential tenants.
Another interesting facet of Vorboss is its diversity credentials. The company said it has created more than 300 jobs for Londoners since early 2021, 200 of which come directly from its own in-house. training academy, meaning these recruits had previously worked in completely different disciplines before joining Vorboss. Specifically, the company said nearly 40% of its installation team in the field are women, with Creswick noting that they strive for a gender balance in all roles.
“We are proud to be in London and believe our team should reflect the diversity of our community,” said Tim Creswick, founder and CEO of Vorboss, in a statement. “We knew this would only be possible if we started attracting new people to this industry.”
Vorboss’ ultimate goal is to cover every commercial building in central London, with little evidence so far of it looking beyond the British capital for expansion. Despite the rise of remote working and the economic downturn, London remains an attractive proposition for domestic and international companies to open offices, as it is a major technology and financial center. contributes almost a quarter of the country’s £2.2 trillion GDP per year. But businesses (and homes) in London and across the country often suffer from poor connectivity, with UK broadband speeds one of the slowest in Europe.
“London generates a GDP of more than £500 billion, but many companies remain at the mercy of restrictive telecommunications products and business models,” Creswick said. “These legacy networks are a limiting factor in critical technology decisions, which can limit growth.”
Outside of London, the UK government is implementing several initiatives to get more rural places up to speed, including the £5bn Project Gigabit. It is also worth noting that there are others full fiber providers out there take advantage of the turmoil of UK regulations, but this is where Vorboss tries to differentiate itself – not only does it promote broadband with a super-fast basic guarantee, but it’s throwing this purely at businesses. Companies that sign up with Vorboss will not share network capacity with homes.
“We believe the focus on the city is right because no one else sells full-coverage fiber directly to central London businesses with a minimum of 10 Gbps,” a Vorboss spokesperson told ukbusinessupdates.com. “Many are trying to do business and fiber-to-the-home on the same network, so they don’t specialize in either. We are open and transparent in our way of doing business and offer a guaranteed price for the duration of the contract.”