Findings show major impact of Lightstream broadband on region’s economy
For every £1 KCOM has invested in its Lightstream rollout, the local economy has benefited by £5.50
KCOM’s Lightstream full fibre broadband network has added nearly half a billion pounds to Hull and East Yorkshire ‘s economy since its introduction.
The huge figure has been revealed in an independent report commissioned by Hull’s telecoms and broadband provider showing the value of a full fibre broadband network to the region.
Among the key findings in the report by technology experts Innovation Observatory is that Lightstream has contributed more than £469.3m to the local economy since KCOM began rolling it out in 2012.
The report also found that full fibre broadband now adds an extra £127m to the economy annually. This is greater than the contribution of the entire local financial services sector, which creates £111m of value annually.
For the report’s full findings see the report below.