Truespeed, a privately owned company headquartered in the UK, was founded in 2014 and employs approximately 150 people. The company reported $50.0M in revenue as of 2023. Functioning as a telecommunications provider, Truespeed specializes in delivering full fibre broadband services to homes, businesses, and communities throughout the South West region.
Truespeed and Freedom Fibre announced a strategic combination on February 11, 2026, bringing together their established track records in multi-location M&A execution and integration. This move follows Truespeed's prior consolidation of its South-West and East of England networks, including a 2025 merger with County Broadband, into a single integrated operation. Previously, on January 27, 2026, the two broadband altnets were reported to be close to finalising this merger, positioning them to become major players in the sector amid increasing financial pressure for consolidation. Earlier, on January 7, 2026, Truespeed, an Aviva Investors-backed company with £175 million in funding, confirmed it was in discussions about a tie-up with Freedom Fibre. These developments followed the appointment of Nelson Missier as Truespeed's new Chief Executive Officer on November 24, 2025, with Missier stepping up from his role as Chief Commercial Officer to lead the company's next phase of growth as James Lowther transitioned out of the CEO position.