What is NextGenAccess?
NextGenAccess, a specialist in dark fibre infrastructure, has been acquired by ITS Technology Group, a wholesale full fibre provider. This strategic move integrates NextGenAccess's 455km of dark fibre across Greater London, Newport, and South Essex into ITS Technology Group's portfolio, expanding their reach to an additional 28,000 business premises. The combined entity is poised to strengthen its position in building full fibre networks and delivering gigabit-capable solutions nationwide, fostering deeper collaborations with carriers, telecom operators, and service providers.
How much funding has NextGenAccess raised?
NextGenAccess has raised a total of $15.5M across 1 funding round:
Other Financing Round
$15.5M
Other Financing Round (2019): $15.5M with participation from National Digital Infrastructure Fund
Key Investors in NextGenAccess
National Digital Infrastructure Fund
The National Digital Infrastructure Fund is an entity focused on investing in critical digital infrastructure projects.
What's next for NextGenAccess?
The acquisition by ITS Technology Group signals a new phase of growth and consolidation for NextGenAccess's dark fibre assets. This enterprise-level funding and strategic integration are expected to accelerate the expansion of high-capacity fibre networks, catering to the increasing demand for robust digital connectivity. The focus will likely remain on enhancing wholesale offerings and solidifying partnerships within the telecommunications sector, leveraging the expanded footprint to capture greater market share.
See full NextGenAccess company page
