Virgin Media has announced a major new investment in UK broadband, the company will invest £3 billion to expand their super fast broadband in the UK.
The £3 billion investment will enable the company to connect around another 4 million people in the UK to their super fast broadband.
The UK is the world’s most internet-based major economy (Source: Ofcom). Broadband infrastructure, and the services offered over it, will be increasingly central to the country’s growth over the coming decades.
The £3 billion of additional private investment announced today is essential for individuals and businesses to thrive in the global digital economy. This substantial investment will be financed mainly through incremental borrowings. Analysis undertaken by leading economic consultancy Oxera has found that this investment can be expected to stimulate a combined £8 billion of economic activity and consumer benefit.
The company plans to expand its broadband network to the extra 4 million customers by 2020, you can find out more details at the link below.
Source Virgin Media
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