Business news | Telecom company invests £100 million in network expansion

A telecom company in East Yorkshire has announced plans to expand its full fiber internet network to an additional 50,000 households and businesses.

To increase services in 14 towns and villages in East Yorkshire and Lincolnshire, KCOM said it will spend £100 million.

According to the business, this would allow 350,000 properties to use its service.

According to the company, a portion of the funds would also be used to replace Hull's copper phone lines.

In 2019, 200,000 residences in the area will have access to full-fiber service, which brings a fiber optic connection directly into your home rather than to a streetside cabinet.

The expansion, according to KCOM CEO Tim Shaw, is a "statement of confidence" in the company and the area.

The local economy will receive a significant boost from this investment, he said, as it would improve local supply chains and create dozens of skilled employment.

The corporation was established by Hull City Council in 1904 and was the only one to escape government nationalization.

The company, well-known for its cream phone booths, was partially privatized by the council in 1999.

The authority sold the last of its holdings in 2007.

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