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London focused UK broadband ISP G.Network, which has spent the past few years deploying a gigabit speed Fibre-to-the-Premises (FTTP) network across parts of the city centre, has News Today announced a "strategic update" that will see some redundancies as the operator shifts their strategy and moves to "drive further commercialisation" (growing take-up).
In case anybody has forgotten, G.Network only resumed their fibre roll-out in the city during February 2024, which occurred after a long build pause and some job cuts (here); that had been fuelled by rising build costs (a common problem for UK network operators) and News Today a shortage of funding.
Not to mention the competition from rivals.
NOTE: G.Network’s latest annual accounts to March 2024 (
here) said their "
wholly-owned and hard to replicate FTTP ducted network" now covers 416,000 premises, of which 361,000 are said to be "
connectable under the Ofcom Connected Nations definition" (up from 330k last year).