KCom calls up a profit for the first time under Macquarie ownership

KCom is back in the black for the first time in five years.
The Hull-headquartered telecommunications and broadband provider has recorded a profit of £5.6 million in the year to April, reversing a long run of losses. It was a period that saw it change hands, sell off its national IT interests and overcome the challenge of Covid, while facing increased competition.
Revenues were up £500,000 from £100.7 million to £101.2 million, and with huge investment plans now in place under the ownership of Australian infrastructure giant Macquarie, chief executive Tim Shaw has told how KCom is in a “strong position to move forward for future success”.
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It has already embarked upon a £100 million ‘Full Fibre Future’ investment campaign, including a £62 million network expansion that will take the footprint to 350,000 premises, while spending £20 million to add a further 14,000 properties in East Yorkshire and upgrade existing fibre to reach indu …