CityFibre promises productivity and societal gains.
CityFibre claims its planned rollout of full fibre infrastructure will generate £38 billion in economic benefit for the UK over the next 15 years. The company is one of several firms rolling out fibre to the premise (FTTP) across the UK, targeting more than eight million homes and businesses by 2025. It is the third largest network infrastructure operator after Openreach and Virgin Media O2. This latest analysis, based on deployment in 285 locations, argues that the gains will include £22 billion in productivity benefits, £4.8 billion from a widened workforce, £1.2 billion in flexible working, as well as the creation of 16,000 jobs. Furthermore, it is claimed that industry and society will benefit from new technologies such as 5G and the Internet of Things (IoT).
