Ulster Bank said it has provided £50 million in funding to broadband infrastructure company Fibrus to boost internet connectivity in rural areas of Northern Ireland.
Fibrus said the money will help it rollout full fibre broadband to 330,000 homes and business in rural and regional areas as part of Project Stratum, the Northern Ireland Executive’s scheme designed to extend broadband coverage to all corners of the province.
In total, it will see £500 million invested in infrastructure to increase connectivity from both private and public sources. Ulster Bank are one of six banks providing £220 million in support - the only Northern Ireland-based bank – and the joint largest lender alongside the UK Infrastructure Bank. The Executive are providing £197 million.
