Feeds

Be secures investment for high speed roll-out

It's for LLU

The essential guide to IT transformation

Be - the upstart broadband ISP that claims to offer punters speeds of up to 24 meg - has received financial backing to help fund the roll-out of its high speed internet service.

The cash, from an outfit called Novator Partners LLP, takes the total known investment in the company to £24.5m although this includes the cash stumped up by Be founders Boris Ivanovic and Dana Pressman.

Novator said it decided to invest in the business because it believes "there is strong demand in the UK broadband market for a 24 meg service".

So far, the ISP has installed its kit in 52 exchanges in London but is looking to expand the service to other densely populated parts of the UK.

With the funding in place Be is looking to unbundle more exchanges in London as well as expanding into Manchester and Birmingham.

Be claims that its LLU investment will enable almost half of the UK population to access its broadband service by the end of the year, although it's not clear whether any further investment will be needed to reach this target.

Earlier this month Be - which refuses to say how many punters it has - launched a pay-as-you-go service starting at £14 a month. ®

Next gen security for virtualised datacentres

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
EE: STILL Blighty's best mobe network, says 'Frappucino' Moore
Fresh round of network stats fisticuffs possibly on the cards here
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?