Industria Ltd. has announced the launch of Velocity1, a new London-based broadband entertainment operator. A joint venture between Quintain Estates & Development plc andIndustria, Velocity1 delivers the UK's fastest consumer broadband at 100 Mbps, as well as high-quality TV & entertainment services.
Velocity1 launched its first offering at Quintain’s Wembley City, a new development that will comprise around 4,200 homes and businesses when building is complete. Quintain plans to follow suit at other sites as well as beyond its own developments, aiming to bring the UK's fastest consumer broadband and high-quality TV & entertainment services to hundreds of thousands of UK homes in coming years.
James Saunders, MD of Commercial Ventures at Quintain, said: "We are delighted to be working in joint venture with Industria, who we selected because of their wide experience of fibre deployment and service integration throughout Europe. Having established services at our Wembley City development we look forward to rolling Velocity1 out to new-build sites across the UK."
"We are thrilled to have been given the responsibility of building Velocity1 for Quintain," said Industria CEO Erling Gudmundsson. "Having built similar end-to-end operators for investors before, we knew we could do it better than the competition. We are confident that, in the mere 6 months that have passed since the go-decision, we have succeeded in building what will become one of the UK's most important media & entertainment provider companies in the coming years."
Velocity1 is built on Industria’s Digital Living™ product offerings. Digital Living™ is a set of end-to-end solutions providing customers with the full range of services, equipment and solutions required to get a broadband network up and running as quickly and effectively as possible. Industria's hands-on knowledge of the links in the broadband & entertainment value chain allows the company to design, build and operate a wide variety of networks, service provisioning solutions as well as providing the operational services to make them run.
media@industria.com
About Industria
Industria Ltd. is aleading provider of broadband network and entertainment solutions. The company's Digital Living™ series of products offer a turn-key approach to business planning and design, network build, services provision, in-home / in-office solutions and on-going operations. Among Industria's customers are telecommunications providers, estate developers, investment companies and government agencies. www.industria.com
About Velocity1
Velocity1 Ltd. is a new type of communications and entertainment company for the new era of highspeed data services. Using the latest fibre optic technology, Velocity1 has the most advanced and fastest network in the UK and the first to offer speeds of 100 Mb/s to residential customers. www.velocity1.co.uk
About Quintain Estates & Development
Quintain Estates and Development plc is a property investment and development company, listed on the London Stock Exchange. Quintain operates through three businesses: fund management, investment portfolio and special projects, consisting of the company’s larger and typically complex assets – such as Wembley City – that gain returns from planning and development opportunities. www.quintain-estates.com