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UK's Hyperoptic shifts focus to customer growth after reaching 2 million homes
['Paul Sandle', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
By Paul SandleLONDON, July 24 (Reuters) - Hyperoptic, a British fibre broadband company majority owned by KKR, said on Friday its network had reached 2 million homes and businesses as it shifts its focus from expanding coverage to signing up more customers.
Chief Executive Dana Tobak, who co-founded the company in 2011, said subscribers grew 18% in 2025 to more than 440,000, helping drive a 22% rise in annual revenue to £139 million ($185 million).
Continued growth in the first half of 2026 had put core earnings on track to exceed £110 million this year, up from £69 million in 2025.
"When we do a new build, we do the complete installation, including the customer equipment and fibre termination," Tobak said.
Britain's biggest broadband provider BT said on Thursday it had achieved 40% take-up across its Openreach nationwide fibre network.