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Toople Plc

Government to Unveil £40m for UK Rural 5G Broadband Pilots

The UK Prime Minister, Boris Johnson, is today reportedly gearing up to announce a fresh round of new capital investment in major infrastructure projects (HS2 etc.), which is expected to include a pot of £40 million to support pilots of superfast 5G based wireless (mobile) broadband in rural areas.

At this point readers may recall that the Prime Minister has already committed to invest £5bn in order to have “Gigabit broadband sprouting in every home” by the end of 2025. The funding is to be targeted exclusively at the final 20% of hardest to reach premises (i.e. mostly rural areas and possibly some disadvantaged urban locations).

Toople PLC (LON:TOOP) offers business broadband, fiber, Ethernet first mile and Ethernet data, business mobile phones, cloud PBX and SIP Trunking, and traditional services. Toople works with the big players in the market such as Vodafone & BT. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.