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Peterborough secures £30m CityFibre investment

Peterborough is set to benefit from millions of pounds of investment after being chosen by CityFibre for the roll out of a £30 million fibre-optic broadband network with speeds of up to 1Gbps – “40 times faster than current superfast broadband” networks.

The city-wide network will give everyone from local businesses, ISPs and the public sector to normal customers access to a network that will initially see 90km of fibre-optic infrastructure installed.

“Cities, like Peterborough, should have the opportunity to benefit from widespread deployment of fibre infrastructure. This will enable businesses and homes in the city to fully maximise the power of cloud computing, ultrafast broadband, or even glitch-free video conferencing on Google Hangouts or Skype,” said Greg Mesch, CEO of CityFibre.

Mesch went on to explain that the first stage of the deployment sees the “major commercial districts” of Peterborough receive access to the high speed Internet with some 4,000 businesses benefitting.

The second stage of the roll out focuses on 60,000 households that will be able to benefit from the same gigabit Internet available to businesses and makes Peterborough a “truly Gigabit city” according to Mesch.

Peterborough City Council has teamed up with CityFibre to develop a strategic partnership that sets out a framework as to how the council’s strategic objectives can be achieved.

“Peterborough’s economy is rapidly growing and the CityFibre investment will allow businesses of all sizes to utilise the Internet for growth, as well as bringing new business to Peterborough, inspire new start-ups, support homeworkers and create jobs,” stated Marco Cereste, a councillor and leader of Peterborough City Council. “Peterborough will soon have one of the fastest networks available in the UK and will be on its way to becoming a Gigabit City, which is another boost to the city’s growth agenda.”

The CityFibre network cables are expected to pass through 80 per cent of businesses in the city and the £30 million cost is entirely paid for using investment from the private sector.

Image Credit: Flickr (derrickting)