{"id":6010,"date":"2020-11-18T16:42:07","date_gmt":"2020-11-18T16:42:07","guid":{"rendered":"https:\/\/itstechnologygroup.com\/?p=1474"},"modified":"2023-03-14T10:39:18","modified_gmt":"2023-03-14T10:39:18","slug":"its-agrees-eight-year-partnership-worth-up-to-15m","status":"publish","type":"post","link":"https:\/\/itstechnologygroup.com\/news\/its-agrees-eight-year-partnership-worth-up-to-15m\/","title":{"rendered":"ITS agrees eight-year partnership worth up to \u00a315m"},"content":{"rendered":"\n

Internet providers reveal ambitious plans to deliver ultrafast broadband to half a million UK homes before 2024<\/h2>\n\n\n
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\"ITS<\/figure><\/div>\n\n\n

A pair of North West based internet providers have joined forces in a deal worth up to \u00a315m as they bid to take on the UK\u2019s broadband market and bring ultrafast connectivity to 500,000 businesses and homes.<\/p>\n\n\n\n

Cheshire-based ITS Technology Group and Greater Manchester-based 4th<\/sup>Utility have this week rubber-stamped a new eight-year partnership that paves the way for the duo to accelerate the rollout of commercial grade fibre broadband.<\/p>\n\n\n\n

With 4th<\/sup>Utility investing \u00a315m into the project, the two companies plan to provide 100,000 homes with ultrafast connectivity in the next 12 months, rising to half a million within three years.<\/p>\n\n\n\n

4th<\/sup>Utility, which recently received a long-term \u00a325m investment from DIF Capital Partners, work with residential landlords, property developers and house builders to install and upgrade their properties with full fibre connectivity.<\/p>\n\n\n\n

Meanwhile, ITS design, build and operate gigabit capable full fibre digital networks, often re-using existing infrastructure which drastically speeds up installations, most taking just a few weeks.<\/p>\n\n\n\n

Through its \u2018Faster Britain\u2019 full fibre network, ITS and 4th <\/sup>Utility will help meet the soaring demand for fast internet connections of gigabit capable connectivity.<\/p>\n\n\n\n

As the Government promises 100% Gigabit capability by 2025 and with its announcement of Project Speed, the two companies expect to play a key role by rolling out the Faster Britain network across the UK.<\/p>\n\n\n\n

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\u201cThis deal brings together two exciting UK broadband providers and by leveraging the ITS network, we will be able to significantly broaden our reach and the pace of our UK-wide rollout.<\/p>\n\n\n\n

\u201cWe believe in investing in high-quality fibre infrastructure and we offer a reliable solution that means super-fast full fibre broadband can be ready to go from day one. That\u2019s become more important than ever with so many people across the country now working from home for the foreseeable future.<\/p>\n\n\n\n

\u201cWe\u2019ll be rolling out thousands of new and retro fit installations in the coming months and we\u2019re pleased to have agreed this long-term partnership that will allow us to deliver our ambitious plans for growth. We\u2019re excited for the future, but we\u2019re only just getting started.\u201d<\/p>\n4th<\/sup>Utility CEO, Tony Hughes<\/cite><\/blockquote>\n\n\n\n

In September, 4th<\/sup>Utility revealed a huge recruitment drive that will see as many as 60 new roles created in Greater Manchester to support its UK expansion, with recruitment giant Morson Group providing HR support.<\/p>\n\n\n\n

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\u201cWe\u2019re really excited to be working with 4th<\/sup>Utility. Our Faster Britain network has been lighting up whole regions of the UK with ultrafast full fibre and this partnership enables us to build more network to more places. The plans we\u2019ve drawn up together are going to improve the digital lives of the homes and businesses we connect.\u201d<\/p>\nITS CEO, Daren Baythorpe<\/cite><\/blockquote>\n\n\n\n

The partnership between ITS and 4th<\/sup>Utility goes some way to supporting the broadband pledge which formed a major part of the Government\u2019s election manifesto at the end of 2019. Earlier this year, Chancellor Rishi Sunak confirmed the government would invest \u00a35bn into its plan to roll out full-fibre broadband across the UK.<\/p>\n","protected":false},"excerpt":{"rendered":"

Internet providers reveal ambitious plans to deliver ultrafast broadband to half a million UK homes before 2024 A pair of North West based internet providers have joined forces in a deal worth up to \u00a315m as they bid to take on the UK\u2019s broadband market and bring ultrafast connectivity to 500,000 businesses and homes. Cheshire-based […]<\/p>\n","protected":false},"author":14,"featured_media":1843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69,23],"tags":[32,28,61,33,52],"class_list":["post-6010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investor-news","category-news","tag-faster-britain","tag-full-fibre","tag-gigabit","tag-partner","tag-partnership"],"acf":[],"_links":{"self":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/posts\/6010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/comments?post=6010"}],"version-history":[{"count":0,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/posts\/6010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/media\/1843"}],"wp:attachment":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/media?parent=6010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/categories?post=6010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/tags?post=6010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}