Openreach has signed a co-investment deal with UK landlord Grosvenor to roll out fibre across its London estate.
The BT-owned infrastructure provider will deploy FTTP to 600 homes and businesses across 130 residential and business sites in the Mayfair and Belgravia areas of the UK capital.
Openreach plans to complete the project, its first major co-investment project, with a major urban landlord, by July 2018.
Financial details of the deal have not been disclosed, although it falls under Grosvenor’s plan to upgrade its London estate through a £2 million investment from 2017 to 2022.
Discussions are ongoing about providing 80MBps connections to other properties in the surrounding area, the two companies said.
The deal is a small step towards Openreach’s plan to expand its FTTP footprint to two million premises by 2020.
Kim Mears, Openreach Managing Director, Infrastructure Delivery, said: “We want to build a much larger full fibre network across the UK, and with the right conditions we believe we could make FTTP available to as many as 10 million homes and businesses by the mid-2020s – but the engineering, commercial and operational challenges are significant.
“There’s no doubt that greater collaboration will help us to overcome these challenges, so we’re working closely with landowners, developers, communications providers and government to achieve that.
“Co-investment models like this one are part of the answer, and we’re keen to replicate this with other landowners and developers throughout the UK.”