The scale of the UK’s commercial fibre rollout means some target areas no longer warrant government support
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New CityFibre CEO talks growth and altnet consolidation at Connected Britain
Having onboarded Sky and raised a significant amount of capital this year, CityFibre’s new CEO Simon Holden told Total Telecom the company was primed for further growth through altnet consolidation.
CityFibre secures £2.3bn in funding to fuel broadband network expansion
CityFibre, the UK’s largest independent full fibre platform, has reached agreement with its shareholders and existing lenders on a major £2.3bn financing round, accelerating its next phase of growth.
CityFibre moves to quell sales rumour
The fibre network operator insists that its growth plans remain on track, despite reports that the company’s backers are exploring a potential sale
CityFibre begins M&A drive with acquisition of Connexin’s fibre network
The deal will see over 185,000 premises added to CityFibre’s full fibre network
CityFibre turns a full-year profit for the first time
UK altnet CityFibre has announced its 2024 annual results, reporting its first full year of profitability, with a 34% revenue increase to £134 million
CityFibre sells Lit Fibre ISP to co-founders
CityFibre, the UK’s largest independent full-fibre network provider, has sold its ISP subsidiary Lit Fibre consumer internet service back to its co-founders, Tom Williams and Ben Bresler.
CityFibre pledges £150,000 to support STEM education
News The funding will benefit over 80 schools across the UK This week, the UK’s largest altnet CityFibre has pledge £150,000 to support charity STEM Learning on its mission to improve STEM education across the UK. The funds, which will be delivered over three years,...
“Consolidation is inevitable,” CityFibre CEO Greg Mesch talks market dynamics at Connected Britain
Interview At Connected Britain this year, we spoke to CityFibre’s CEO Greg Mesch to discuss the company’s recently announced deal with Sky, the current market state, and why he thinks altnet consolidation is inevitable. Watch the full interview below! [videopress...
CityFibre needs additional funding to keep the pressure on Openreach
The UK’s largest altnet CityFibre has released its annual statement for the 2023 financial year this week, in which it warned that to continue operations as usual it will need to secure additional external funding.
How will the CityFibre–Sky deal really affect BT?
In the wake of last week’s news in which Sky and CityFibre announced a long-term partnership, various reports were published suggesting the deal would be a challenge for the UK incumbent BT.
Sky signs major broadband deal with CityFibre
Sky and CityFibre have announced a long-term partnership allowing Sky to offer full fibre services over CityFibre’s network. The move should give CityFibre a huge competitive boost as they look to take on market leader Openreach.
CityFibre completes acquisition of Lit Fibre
Today, CityFibre has completed its acquisition of Lit Fibre from Newlight Partners, who will remain minority shareholders as per the transaction agreement.
CityFibre acquire Lit Fibre in latest round of UK altnet consolidation
In a move set to accelerate its nationwide full-fibre rollout, CityFibre, the UK’s leading independent network operator, has announced the acquisition of full fibre altnet Lit Fibre from Newlight Partners.
CityFibre awarded nearly £400m in latest round of Project Gigabit contracts
News The five new contracts will help subsidise the rollout of full fibre broadband infrastructure to ovr 202,000 rural premises Today, the UK’s largest altnet CityFibre has been awarded five new contracts related to the UK’s £5 billion broadband subsidy programme,...
CItyFibre hopes new ‘True Gig’ product will spark surge in fibre uptake
News The new package offers speeds of up to 1.2Gbps, allowing ISPs to feel more comfortable advertising deliverable 1Gbps services In recent years, UK regulators have grown increasingly strict on the advertising strategies being used by the telecoms industry. Whether...
Project Gigabit contracts awarded by CityFibre
CityFibre have awarded contracts to build partners in Cambridgeshire, Norfolk, Hampshire and Suffolk.
CityFibre’s network rollout passes 3 million UK premises
News The firm passed 2 million premises last September and is currently rolling out fibre at a rate of one million premises per year UK fibre network operator CityFibre has today announced that its full fibre (FTTP) broadband network now covers 3 million UK...
CityFibre wins trio of Project Gigabit contracts worth £318m
News The UK’s largest altnet has secured £318 million in government to rollout fibre-to-the-premises (FTTP) to areas of Hampshire, Norfolk, and Suffolk The UK government has announced its latest allocations for its flagship broadband funding initiative Project...
VMO2 and CityFibre bosses discuss potential takeover
News Reports suggest that Virgin Media O2 (VMO2) has entered talks to purchase CItyFibre, the UK’s largest altnet, in a deal that could be valued at over £3 billion This weekend, a report from The Telegraph suggests that VMO2 could be interested in purchasing its...
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