Report Overview
Altnets in the UK: Growing pains
- PublisherEnders Analysis.
- Publish Date July 22, 2022
- Sector Telecom.
Contents
Altnets growing, but not yet thriving
Rollouts accelerate, driven by significant investment
Overbuild an increasing problem
Subscriber acquisition a challenge, now and in the future
Serious, but not overwhelming, altnet build-out likely
Openreach likely to be hit, but in a limited way
Impact on retail ISPs (probably) more muted
About Enders Analysis
List of Figures and Tables
Figure 1: Companies granted code powers by quarter
Figure 2: Largest 10 announced altnet finance raises since 2018
Figure 3: Altnet versus Openreach new FTTP build (000s premises)
Figure 4: 2021 net coverage adds
Figure 5: Altnets versus Openreach FTTP subscriber net adds (000s)
Figure 6: Altnet versus Openreach FTTP subscribers as a % of FTTP coverage
Figure 7: VMO2 Project Lightning penetration in months after launch
Figure 8: Altnet current and target coverage
Figure 9: ISP market shares
Figure 10: Altnet unit economics with 20% and 40% penetration assumptions (£)
Figure 11: Altnet (and TalkTalk) entry-level pricing, £/month
Figure 12: Altnet reported financial performance
Figure 13: Altnet premises passed (m) and penetration (%)
Figure 14: 2021 broadband net adds
Figure 15: FTTP premises passed (m)