Hyperoptic has reaffirmed its desire to ensure everyone in the UK has access to high-quality broadband connectivity.
The provider has just completed a debt raise of £250,000,000 from eight leading international banks, which will enable it to extend its full-fibre optic network to 50 towns and cities by 2019.
According to Hyperoptic, this is the largest single investment in the UK for a full-fibre optic network provider and comes at a time when just three per cent of UK premises currently have access to fibre-to-the-premises connections.
Boris Ivanovic, Chairman of the company, said: "Hyperoptic has the vision, determination and means to lead the rollout of gigabit connectivity across this country, and smash the digital divide once and for all.
"This latest round of funding is a tremendous recognition of our achievement and provides the impetus for making Hyperoptic the premier full fibre national network."
Dana Tobak, Chief Executive of Hyperoptic, added that such large financial backing from prestigious investors is testament to the strength of its business model and "proven track record for delivery".
"All our teams are forging ahead with one rally cry: Let’s Gigabit Britain," she commented.
The announcement has been hailed by Digital Minister Margot James, who said the government recently announced plans for a nationwide full-fibre broadband network to "build a Britain that's fit for the future".
"Commercial investment will play a crucial part of this, and Hyperoptic's commitment to deliver gigabit connectivity to more than 50 UK towns and cities shows that they match our ambitions," she stated.