Original article ISPreview UK:Read More
City-focused UK full fibre broadband (FTTP/B) ISP Hyperoptic, which claims to have built their gigabit fibre network to cover 2 million homes (mostly in blocks of flats / MDUs), has just completed a review of its strategy and unfortunately confirmed to ISPreview that this will result in another round of redundancies just before Christmas – impacting c.10% of roles across the UK and Serbia.
Like most alternative networks Hyperoptic has faced a number of significant strains in recent years, including pressure from rising build costs, high interest rates and a highly competitive market. The situation has already caused the broadband provider to suffer some redundancies (here) and prompted a greater focus on commercialisation of what they’ve already built, as opposed to further network expansion.
According to the company’s most recent accounts (here) to the end of 2025, the provider saw revenues increase by 22% to £139m, while their customer base grew 18%, gross profits jumped to £132.2m (2024: £87.4m) and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) surged to £69.4m (2024: £24.5m).