ITS Technology Group secures £45m from Aviva Investors to expand full fibre network rollout
Aviva Investors backed the network operator with £45m to accelerate full fibre deployment across the UK.
ITS Technology Group designs, builds, and operates wholesale full fibre networks across business dense locations in the UK.
ITS Technology Group has secured a £45m injection from Aviva Investors to accelerate its full fibre network rollout across the UK. The capital will enable the network operator to pass at least 200,000 premises and expand its geographical footprint.
The company operates an open access wholesale model, supplying connectivity services to internet service providers, network operators, and IT resellers. ITS intends to utilise existing public and private infrastructure to speed up construction and meet growing demand for high speed digital connectivity.
From the founder
"I took over the reins of the business in early 2018 and focused on reshaping the business; strengthening all aspects of our operations and strategic approach. This has created a strong foundation for this next phase of our growth."
Daren Baythorpe
CEO at ITS Technology Group
Investor perspective
"Aviva Investors is pleased to support the rollout of ITS’ full fibre broadband network. There is a clear and growing demand for this essential infrastructure across the country. The funding from Aviva Investors will allow ITS and its management team to build on its existing infrastructure and brand to accelerate its network expansion and to provide world-class infrastructure across the country."
Sean McLachlan
Senior Director, Infrastructure, Aviva Investors
Use of funds
- 01Build out infrastructure
- 02Expand into international markets
Investors
Categories
About the company
ITS Technology Group
Wholesale full fibre provider delivering Gigabit capable connectivity to UK businesses.