LONDON – Reading is celebrating a major milestone in its digital transformation today as work begins to extend its full fibre network to reach almost every home and business locally.
As part of a £58m private investment from CityFibre, Reading will benefit from a town-wide full fibre network roll-out, building on its existing network footprint in the city.
According to research from economic consultancy Regeneris, full fibre connectivity will have a major impact in Reading over the next 15 years. It shows that up to £85m could be added to the value of local homes, while Smart City initiatives could add as much as £67m locally.
Meanwhile, access to full fibre could also unlock £85m in business productivity and innovation, and a further £33m in growth could be driven from new business start-ups, with enhanced connectivity making it easier and less expensive to set up base and run efficiently.
Construction work has officially commenced in Reading's Norcot and Battle area, with the rest of the town set to follow. Instalcom is delivering the construction programme on CityFibre’s behalf, using modern build techniques to deploy the network quickly.
The team is also working closely with CityFibre, Reading Borough Council and local communities to manage disruption and ensure a fast and successful roll-out. Residents are being kept informed by mailings ahead of works in their streets.
Read the full press release here.