Wholesale fibre network financial model, built free.
A three-statement Excel model for a wholesale fibre and open-access network, built from your own figures and checked to balance.
- Free account
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- Usually ready within the hour
We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more
Builds and owns fibre access, backhaul, dark fibre, subsea or regional networks and sells capacity only to retailers, carriers and enterprises, under access charges, long IRU contracts or a regulated revenue cap.
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued three ways
Discounted cash flow, trading multiples and net asset value, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.
Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.
How the model works for a wholesale fibre network.
- How it earns revenue3 formulasWholesale access and capacity revenue · All telecom networksWholesale access and capacity revenueAccess chargesCapacity chargesWholesale access and capacity revenue · All telecom networksClosing wholesale connectionsOpening wholesale connectionsNet additionsWholesale access and capacity revenue · All telecom networksConnection-months billed (average connections × months)Opening wholesale connectionsClosing wholesale connectionsshare of the year
- What drives its costs3 formulasNetwork operating costs · All telecom networksNetwork operating costsGroup revenue attributed to the networkNetwork costs as a share of revenueOperating expenses · Across the businessTotal FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administrationOperating expenses · Across the businessTotal average FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
- What it invests in3 formulasNetwork build and asset base · All telecom networksNetwork capex (revenue × capex intensity)Group revenue attributed to the networkCapex intensity (capex ÷ revenue)Network build and asset base · All telecom networksNetwork depreciationDepreciation of the opening networkDepreciation of new capexNetwork build and asset base · All telecom networksClosing net book valueOpening net book valueNetwork capex (revenue × capex intensity)Network depreciation
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
20 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- CPI forecastConsensus curve with long-run anchor
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Income taxCorporate rate with tax losses
- DebtAmortising term loan
- Equity raisingDistribution reinvestment plan
- Dividends and distributionsPayout of net profit
- Discounted cash flow valuationDCF on free cash flow to the firm
- Multiples valuationEV / EBITDA multiple
- Net asset valueBook net asset value
- Interest-rate hedgingHedged share at a fixed rate
- LeasesLease register
- Key-metric summaryLast-twelve-month and run-rate metrics
- Covenant tests and headroomLVR, gearing and ICR for property
- Case selectionStackable stress toggles
- Interest-rate forecastMarket forward curve
- Network build and asset baseCapex to revenue intensityCapital expenditure to build and maintain a network, with depreciation and net book value.
- Wholesale access and capacity revenueConnections × access and bandwidth chargesRevenue from selling network access or capacity to other carriers, retailers and enterprises — access and bandwidth charges, dark fibre IRUs, backhaul and subsea capacity, MVNO hosting, or a regulated revenue cap.
- Network operating costsNetwork costs as a share of revenueRunning costs of a network — site rental, energy, maintenance, field operations, backhaul and network IT.
The numbers it tracks.
- 01premises or route-km passed
- 02connections
- 03wholesale ARPU
- 04contracted IRU revenue
- 05EBITDA margin
- 06capex per premise
- 07RAB
- 08net debt to EBITDA
What it is used for.
- Operating forecastGuide · Financial projections
- ValuationGuide · DCF valuation model
- Project financeGuide · Financial modelling services
- Lending and credit analysisGuide · Three-statement model
- Leveraged buyout (private equity)Guide · Financial modelling services
- Asset acquisition
- Scenarios and sensitivities
More in telecommunications.
- Mobile network operator financial model
- Broadband and fibre provider financial model
- Telecommunications company financial model
- MVNO financial model
- Satellite operator financial model
Looking for a wholesale fibre network financial model template? Ours arrives built for your business, with your figures in it.
See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.