Yorkshire business secures funding for rural broadband expansion
East Yorkshire-based broadband provider Quickline Communications has acquired funding from investment firm Northleaf Capital Partners, in a bid to invest more than £500 million to improve connectivity in rural Northern England.
Northleaf completed the acquisition of a majority share in Quickline’s holding company, QCL Holdings.
Quickline plans to provide ultrafast broadband accessibility to more than 500,000 rural premises in the coming years by expanding its “gigabit-capable, next-generation hybrid network”.
In a bid to reduce the digital divide, the business also plans to use a hybrid approach of utilising 5G and a fibre to the premise (FTTP) network.
It has secured four multi-million pound Building Digital UK contracts to supply internet access in rural areas.
The company is currently upgrading digital infrastructures across North Lincolnshire, Lincolnshire, West and North Yorkshire.
Sean Royce, Quickline’s newly appointed CEO, said: “We look forward to working alongside Northleaf to create this unique hybrid next-generation network, provide hundreds of jobs and build a business that provides new breakthroughs in internet connectivity for broadband users in remote pockets of the UK.”
Digital Infrastructure Minister, Matt Warman, said: “Boosting connections in rural communities is crucial to our plans to level up Britain, and we’re working alongside commercial providers to plug in hard-to-reach homes and businesses through our £5bn Project Gigabit scheme.”
Councillor Don Mackenzie, executive member for access at North Yorkshire County Council, added: “The latest phase of the programme being delivered by Quickline is vital as we extend connectivity to more premises in the most rural areas of the county.”