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FibreSpeed is managed by the Department for the Economy and Transport within theWelsh Assembly Government, which has a remit to develop a vibrant Welsh economydelivering strong and sustainable economic growth. FibreSpeed will contributesignificantly towards the achievement of this vision and will strengthen Wales international standing on the global ICT stage. It will not sell directly to the enduser, rather it will provide a platform to allow Service Providers, ISPs, Telco sand other organisations that sell ICT services to the Welsh market to offer highspeed and high bandwidth communications to businesses and consumers in the area.
Ieuan Wyn Jones, Deputy First Minister and Minister for the Economy and Transportsaid: This is a landmark day for businesses in Wales. We all want a vibrant andbooming economy in North Wales, and a high speed communications infrastructure isone of the most important components of that. This implementation will enableorganisations in Wales to affordably utilise the communications services that otherparts of the UK already enjoy, and will encourage external investment and relocationto the country.
We have a vision for the Welsh economy, one that involves providing sustainablegrowth and a move to a knowledge-based economy. This will help allow Welshemployment levels to match the rest of the UK, and will also create a platform toattract and retain high value, high skill jobs. This announcement is a significantstep on the way to achieving those goals.
The first phase of the deal will see up to fourteen business parks in North Walesconnected via the FibreSpeed network installed by Geo. FibreSpeed will be operatedand maintained on a day-to-day basis by Geo, and will support a minimum ofsymmetrical 10 Mbit/s services with multi-Gigabit capability, and has the capacityfor even greater speeds as technology and demand develops. It will also enable thesetting of retail prices to match those found in London and other parts of the UKwhich is critical to improving the competitiveness of businesses based in Wales.
This contract confirms Geo s position as the leading provider of dedicated fibrenetworks in the UK said Chris Smedley, Chief Executive at Geo. Geo s uniquebusiness model means we are able to build and operate an entirely bespoke and openaccess network for the Welsh Assembly Government to help them in their quest tobring high speed next generation communication services to Wales at pricescomparable with the most competitive parts of the UK. We are delighted to be part ofsuch an exciting initiative and look forward to helping transform the Welsh businesslandscape with FibreSpeed in the coming years.
About Geo
Geo is the only company in the UK to design and build bespoke dedicated fibrenetwork solutions. Geo s revolutionary and flexible approach means that for thefirst time, organisations can own and control their networks, ensuring thatsecurity, high bandwidth and resilience are guaranteed. Geo provides an extensiverange of solutions including fully managed networks, dark fibre, lit fibre andco-location services. Geo.National enables network solutions on a national scale,and Geo.Metro provides users with a 1 Gbps, 10 Gbps Ethernet service within theLondon area. Customers include mobile operators, service providers, major banks andthe public sector. Please visit www.geo-uk.net for more information.
