Feeds

Be secures investment for high speed roll-out

It's for LLU

The smart choice: opportunity from uncertainty

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. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.