Wessex Internet is seeking investors to fund its full fibre roll out across the southwest of England.

The company has been continuously building out for some time and has now reportedly hired Allen & Overy as sell side adviser to assist with the investment process.

Wessex Internet is one of several “alt-nets” in the UK. The independent UK broadband provider is a family-owned business, founded by James Gibson Fleming.

The network provider focuses on FTTH (fibre-to-the-home) and FWA (fixes wireless access) in rural parts of the UK, specifically:

• Wiltshire
• Somerset
• Dorset

The company is focused on accelerating the rollout of its fibre network and has published its pipeline of locations for 2022, which include:

• Hadspen, Wyke and the surrounding area
• the surrounding area of The Charltons
• East Coker and Closworth
• West Coker, Hardington Mandeville and Odcombe
• Chilthorne Domer, Yeovil Marsh and Mudford
• Yeovilton, Podimore and the surrounding area of West Camel
• Ashington and Limington

Wessex Internet delivered parts of its network using the government’s ‘Gigabit Broadband Voucher Scheme’, part of Building Digital UK’s (BDUK) ‘Project Gigabit’, which provides subsidies to businesses working to “improve the UK’s broadband network, with an emphasis on making high-speed broadband available in rural areas”.

Earlier this year (February 2022) IJGlobal reported that UK broadband provider, Trooli, was preparing a sale process, with a market source estimating the asset value to be in the region of £150-200 million ($203-$271 million).