Virgin Media Business has signed a five year fibre optic broadband contract, valued at £49 million, with BskyB.

The contract will see Virgin provide a superfast fibre infrastructure to BskyB, allowing the broadband network provider to deliver high speeds and greater overall bandwidth capacity. The new network is planned to be in place by the end of 2013.

The deal was signed at the end of the first quarter, with details of the contract having been released today. The development of fibre infrastructure is designed to allow BskyB to not only to meet customer demand, but to also provide opportunity for increased service innovation.

Tony Grace, managing director of Virgin Media Business, said: “High capacity connectivity is vital in today’s digitally driven world”.

Mohamed Hammady, director of Sky Network Services at BSkyB, said: “this agreement provides us with the capacity we need to keep innovating for customers and as such are committed to maintaining our high-capacity network,”

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