nexfibre, the next generation fibre network operator, has announced it has reached a total of one million premises passed and ready for service.

This milestone – achieved in just 14 months – showcases the significant progress nexfibre continues to make towards its goal of delivering its full-fibre network to 5 million premises by 2026.

nexfibre is a joint venture between Liberty Global, Telefonica, and Infravia, with our UK operating company, Virgin Media O2 as its 'anchor wholesale tenant' and network construction partner.

The business is investing £1 billion in the UK's broadband infrastructure this year as part of its plans to drive long-term competition in the fibre access market, on a national scale. It's set to deliver its network to more premises than any other fibre provider in 2024, except for the incumbent, which will make it the UK's second largest network provider in only its second year of operations.

Rajiv Datta, Chief Executive Officer of nexfibre, said: "It's thanks to the hard work of our team, our partners, and the commitment of our investors that we are able to mark this significant milestone on our path to reaching 5 million premises by 2026. And we're just getting started. We firmly believe that we are building a platform to foster sustainable competition in the UK fibre market, that will drive innovation for generations to come."

Lutz Schüler, Chief Executive Officer at Virgin Media O2, said: "The build programme is delivering at pace and is underpinned by an ambitious plan that's already extended fibre to one million new premises. In partnership with nexfibre, we remain focused on driving scaled, sustainable competition in the full fibre market, and bringing the benefits of next-generation gigabit services to millions more homes and business across the UK."

Read the full release.