CityFibre said its ‘full fibre’ network offers speeds of up to 1,000 Mbps – around 15 times typical broadband speeds.
The £40 million private investment will bring its network to almost every home and business in the city.
According to research from consultancy Regeneris, full fibre connectivity will have a major impact in Dundee over the next 15 years.
It shows that up to £27m could be added to the value of local homes, while Smart City initiatives could add as much as £32m locally.
Access to full fibre could also unlock £30m in business productivity and innovation, while a further £13m in growth could be driven from new business start-ups, with enhanced connectivity making it easier and less expensive to set up base and run efficiently.
Allan McEwan, CityFibre’s city manager for Dundee, said: “For people across Dundee, their digital future is just around the corner.
“Full Fibre broadband will help households access all the latest entertainment at lightning speed, but the benefits are far deeper than that – from enabling smart home technology to giving people the freedom to work from home with ease.
“The investment also comes at a critical time for Dundee’s business community.
“Next generation full fibre connectivity can drive innovation and productivity, ultimately giving businesses the platform they need to realise their growth ambitions.
“And it won’t just improve business locally – it will also help businesses take their products or services to an international audience.”
The network is not yet live, but once activated, services will be available from a range of internet service providers.
