Xwavia secures seven-figure investment from Finance Wales
A mid Wales-based broadband provider has secured a £1.2 million
investment from Finance Wales to deliver superfast broadband to
areas in Wales suffering as a result of poor broadband
Xwavia, which has recently rebranded from eXwavia,
is a company dedicated to providing superfast broadband to
residents and businesses in Wales. It has secured funding to grow
the capacity, speed and reach of its network harnessing microwave,
fibre-optic, wireless and copper broadband technologies.
The investment will see an expansion of Xwavia’s
headquarters in Welshpool, creating several new positions, and
improvements to the infrastructure, expanding capacity and
increasing broadband speeds for individuals and businesses.
Alongside this, the broadband provider will also
launch the first phase its new network in Conwy, north Wales. This
will provide affordable access to superfast broadband in the area
and create a number of jobs at its new site in Riverside Business
As Conwy is one of the last areas in Wales
scheduled to receive superfast broadband under the UK
Government-funded Superfast Cymru project, Xwavia is rolling out
its new network in the area to provide much-needed services to
communities and businesses. Access to this superfast network will
support the growth of local businesses, enhancing their
competitiveness and growing the Welsh economy.
In partnership with the Welsh Government’s Access
Broadband Cymru (ABC) Scheme, this will allow families and
businesses in Conwy to access superfast broadband – typically at
speeds between 10 and 100 mega-bits per second (mbps) - at an
affordable rate for the first time.
The ABC scheme, which provides up to £1,000 of
grants towards the installation of a high-speed line, is available
to individuals and businesses that meet certain criteria, which
includes having a consistent download speed of less than 2
mega-bits per second.
Xwavia, established in 2009, is launching these new
services as part of its ambitious three-year growth plan which,
accelerated by this investment, seeks to build a pan-Wales
superfast broadband network, available to communities and
According to the most recent OFCOM: Communications
Market Report, only 41% of premises in Wales had access to
fibre-optic – or fibre to the cabinet (FTTC) broadband as it is
officially known - the second-lowest proportion across the UK.
With access to superfast broadband, families can
download a whole album in around 30 seconds and a feature length HD
movie around 10 minutes, as well as other activities such as
streaming TV programmes and playing games.
Superfast speeds can also help small to medium
enterprises (SME) to grow and save valuable time by increasing
productivity. With faster speeds, businesses can upload large files
such as complex graphics and videos, save travel expenses with
seamless video conferencing and gain access to the latest and best
business software through ‘cloud computing’ services.
Mike Brown, Chief Executive Officer of Xwavia,
“We are delighted to secure this investment from
Finance Wales, which will allow us to increase the speed and reach
of our network. Over the next three years, we will use this
additional capital to extend our network across Wales to provide
much-needed access to superfast broadband.
“Currently, many residents and business owners do
not have access high speed broadband and this is negatively
effecting the Welsh economy. We are therefore extending our service
to ensure that individuals and businesses are provided with access
to the high-quality broadband services they need and deserve.
“Superfast broadband is a necessity which allows
businesses to compete more effectively. It provides an opportunity
to improve financial management, marketing efforts, human resources
and customer relationships, and the extension of our network will
make this possible for more businesses in Wales than ever
Jerry Mobbs, Deputy Portfolio Manager at Finance
“Xwavia has made some impressive achievements since
it was established and now has even more ambitious plans to
increase the availability of superfast broadband throughout
Wales. This could play a significant role in building the
Welsh economy in future, opening up a wealth of new local and
global opportunities for both citizens and businesses. Welsh
businesses have the potential to improve their competitiveness,
access new markets and suppliers, for instance.
“Xwavia’s new management team has the vision and
experience to implement these plans, further strengthening its
market position and our investment will also enable them to recruit
more staff to underpin their expansion.”