TalkTalk would seek £1.000bn from investors to finance the construction of a fiber optic to the site (FTTP) network serving up to three million homes and up to three million homes. Companies in urban areas. The company has created a new entity called FibreNation to build and manage the network. It is expected to offer Internet Service Providers (ISPs) a wholesale alternative to BT's Openreach. According to The Telegraph, Sir Charles Dunstone, Chairman and founder of TalkTalk, will launch the funding search in the coming weeks. The plan is to raise £400m in equity and £600m in debt.
TalkTalk fiber
TalkTalk has long criticized Openreach's technology strategy and its close relationship with BT's parent company, claiming that the decision to invest in Fiber to the Cabinet (FTTC) was motivated by a desire to sweat the assets in. BT charges at the expense of the country and Openreach wholesale partners. A joint venture between TalkTalk and Sky to build an FTTP test network in York was established in 2014 and was used to learn about network deployment and gauge customer demand. The trial was deemed a success, and earlier this year TalkTalk announced plans to expand coverage to more than three million homes and buildings. TalkTalk has taken over the joint venture, but Sky will be one of the biggest customers in the wholesale market for the new expanded network. The hope is that FibreNation will provide premium broadband services to TalkTalk and Sky customers and offer a wholesale alternative to Openreach for other broadband providers. Mobile operators will also have a new option for backhaul services. In addition, TalkTalk has been involved in the possible acquisition of SSE Telecom's consumer businesses. Having sold his business to a private equity fund, SSE is willing to let the market focus on his core business. TalkTalk has been contacted for comment.