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Rochdale-based UK broadband ISP Zen Internet has confirmed that MS3’s alternative full fibre (FTTP) network, which has so far covered 215,000 premises (Ready for Service) in the North of England (mostly in Hull and Lincolnshire), is now live on their service for business and consumers after being almost fully integrated following last year’s wholesale deal (here).
Just to recap. Zen sells their own broadband packages via multiple different full fibre networks (e.g. Openreach, CityFibre and many more) and also to other retail ISPs (partners) via their aggregated wholesale platform (The Fibre Hub). MS3 is now fully live on their Fibre Hub and we assume via Zen’s website too for their own consumers, but the latter is not completely clear.
The CEO of Zen Internet, Richard Tang, has also just done a brief video with Tom Edwards and Neil Isherwood from MS3 (see below), which among other things confirms that the network operator has just gone EBITDA positive (i.e. earnings before interest, taxes, depreciation, and amortisation).
Take note that while such a result, once achieved, would indicate that a company’s core operations are starting to become profitable (banks use this to help assess whether a company is able to pay off its debts), EBITDA itself doesn’t fully consider everything and there’s still a long road ahead.