Spring Fibre

... are appointing administrators.

https://www.telegraph.co.uk/business/2024/10/27/bt-r...

How many others will follow?

Last accounts suggested £325k in revenue - at £30/month it equates to just 900 customers

Edited by MHC (Sun 27-Oct-24 17:13:39)

In reply to a post by MHC:

How many others will follow?

There's something like 120 altnets in the UK...so as Richard Tang put it some years ago. Get big, get bought or get stranded!

In reply to a post by Pheasant:

There's something like 120 altnets in the UK...so as Richard Tang put it some years ago. Get big, get bought or get stranded!

Many of these wouldn’t have started had it not been for the fact that money was cheap…. Since the pandemic and Ukraine war there has been a big adjustment, so now chickens are coming home to roost. The likes of nexfibre with their big pocket backers may end up being bigger than the expected original competitor to OR… CityFibre. The small local AltNets may perish.

Yeah it was a gold-rush and it's been interesting to watch from afar. Not sure we're even near the beginning of the end of it all.

Here is a non-paywall version of the Telegraph article for anyone that wishes to read it in full.

Who?

😎 In a nutshell, yeah.

I think most people would struggle to recognise most if not all of the names of the altnets operating in this country. The vast majority are minnows.

The Telegraph headline 'BT Rival' is a bit of joke 😅

In reply to a post by Pheasant:

...it's been interesting to watch from afar...

Not quite so interesting if you have skin in the game because a small dodgy altnet is your only option for FTTP. But hey ho, I knew it might be a bumpy ride from the start,

In reply to a post by MHC:

... are appointing administrators.

https://www.telegraph.co.uk/business/2024/10/27/bt-r...

How many others will follow?

Last accounts suggested £325k in revenue - at £30/month it equates to just 900 customers

Apparently they were keener on being carbon-neutral (whatever that is) than running a viable business.

Maybe no one explained that glass is silicon and oxygen.

In reply to a post by Thaumaturge:

Not quite so interesting if you have skin in the game because a small dodgy altnet is your only option for FTTP. But hey ho, I knew it might be a bumpy ride from the start,

Hmm, not so good. Any word from them on what this will mean for customers? I have great sympathy as my internet is also from an altnet with zero alternatives available, so I would also be extremely nervous in your shoes...

Sorry, just to clarify, I'm not with Spring Fibre so no immediate panic. But Swish Fibre, or Allpoints, or Cuckoo, or whatever they are this morning don't look much more stable to me, so there but for the grace of God...