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‘Midlands’ Best ISP’ Offers Investment Opportunity as it prepares for scale up phase

A fast-growth, fast-speed Midlands-based ISP (internet service provider) has announced its intention to scale up to ‘cope with customer demand’ and is welcoming would-be investors the opportunity to grow with them.

Gigabit Networks, which was recently voted ‘Midlands’ Best ISP’, was launched by tech entrepreneurs, David Yates and Dan Ilett, with the intention of helping Midlands-based businesses and residents bridge the digital divide via ultrafast Full Fibre connectivity.

The ultrafast and reliable connection, which utilises the infrastructure created by CityFibre’s £4.9 billion investment, has already been successfully rolled out into Coventry, Wolverhampton, Leicester, Derby and Nottingham – and Gigabit Networks have plans for increased penetration in these cities, as well as further expansion into the surrounding towns, on the back of this fundraising campaign.

At present, the technology is available to 250,000 homes and businesses in the current Gigabit Networks catchment area, but this could ultimately yield over 1 million potential premises, as the CityFibre infrastructure and tech roll-out continues.

Those customers switching to Gigabit Network’s ultrafast connection can take advantage of CityFibre’s Full Fibre connections that always use 100% fibre-optic lines directly to the building, with none of the copper wiring of traditional broadband services to slow things down. Each Full Fibre connection is exclusive to your property and capable of delivering up to 930 Megabits per second speeds both ways – more than 20x faster than normal broadband.

“We’ve had a few conversations already with investors,” said David Yates. “The key for us will be to find the right investor who understands what we are doing in the long term, and we welcome conversations with interested partners.”

Founder Background:

Dan Ilett is an expert in global technology brand marketing and sales. He has advised IBM, Google, LinkedIn, Microsoft, Samsung and Cisco on brand position, go-to-market strategy and sales performance. He has launched businesses in Fintech, Cleantech, SaaS and marketing platforms. Dan is an award-winning tech journalist who wrote for the Financial Times and Economist Group.

David Yates is not only an entrepreneur but has a wealth of corporate finance experience in fundraising, IPO, MBO’s and turnaround strategy across Europe, Africa, the USA and Asia. David is CEO of 4 Oceans Capital and has built and exited numerous technology businesses, most notably a travel tech platform in China more than a decade ago.

About Gigabit Networks

Gigabit Networks was founded to disrupt the broadband market and bridge the digital divide by empowering the Midlands with faster, future-proofed, ultra-reliable internet connectivity.

The dynamic start-up has been named Gigabit Fibre Internet Champion for the Midlands and aside from providing the Midlands with economy-boosting speeds, they also exclusively hire in the Midlands, helping to nurture talent and bring more opportunities and growth to businesses and communities in the area.

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