Hyperoptic plans to create London 'fibrehood'

Hyperoptic has agreed deals to bring ultra-fast broadband to more than 30 significant property developments in London as it attempts to create its own "fibrehood" in the capital.

Among the notable property managers and developers to partner with Hyperoptic are City of Docklands and Stonedale, which is part of the Peveral Group.

The fibre optic broadband provider offers symmetric speeds of 1,000Mbps - ten times faster than its nearest competitor and more than 100 times above the national average.

As well as announcing the property deals, Hyperoptic revealed it has reached a major milestone by rolling out its next-generation broadband proposition to more than 10,000 homes across 12 London boroughs, including Greenwich, Hounslow and Southwark.

By the end of the year, the company is aiming to connect 20,000 households and 100 major property developments, while in the next five years it will endeavour to expand its fibre optic broadband footprint to more than 500,000 homes.

Boris Ivanovic, founder and chairman of Hyperoptic, said: "There is a clear need for speed in the UK.

"It's widely understood that the UK is one of the biggest users of technology, with the internet contributing more to its economy than any other country in the world."