01 Nov Cirro Invest in Wildanet; lightning fast Internet for hard to reach areas
Rural connectivity is still shockingly bad, holding back economic development and impacting on businesses and residents. Communication is a fundamental requirement in today’s online world. Wildanet is focused on fixing this issue and bringing rural communities online.
Traditional fixed line, fibre networks are designed for highly populated areas, the cost model doesn’t work in rural areas. It requires a different approach. It requires Wildanet.
Wildanet are a collection of advanced network engineers, former communications company decision makers, sales and marketing people. They are focused on fixing the rural communication gap by utilising advanced wireless technologies.
Cirro sees a huge opportunity in working with Wildanet to address poor communications and slow broadband in the UK. With over 1m homes still having less than 10mb broadband connectivity, with highly variable levels of service.
Of the investment Michael Owen, Cirro MD believes:
“the market opportunity for Wildanet is around £400m, so an investment at this stage makes complete commercial sense. Wildanet are addressing a fundamental problem that businesses and residents in these communities continue to struggle with. They are massively underserved. Wildanet has the technology, the capability and now the funding they need to be successful.”
Ian Calvert, Wildanet CEO sees value in the relationship with Cirro and the investment:
“Cirro understands our proposition and opportunity, as a technology provider, Cirro are a perfect investment partner for us, they have a wealth of knowledge and credibility and will support us on our journey. We are delighted to have them as an investor”
For more information on Wildanet visit https://wildanet.com/