CityFibre’s recent strategic move to sell its ISP subsidiary, Lit Fibre, back to its original founders aligns with their focus on wholesale network provision. This decision reinforces CityFibre’s commitment to enhancing its robust full-fibre network.
In a strategic move to bolster its network reach, alternative fibre builder CityFibre has successfully acquired Lit Fibre, marking the first step in its plan to consolidate within the UK’s burgeoning altnet sector. Lit Fibre, known for its vertically integrated model encompassing both network construction and ISP services, currently serves over 220,000 premises across more than 20 towns in several regions.
In a bold move that underscores its commitment to leading the UK’s fibre optic expansion, CityFibre has acquired Lit Fibre, a smaller but significant player in the market. This strategic acquisition is set to boost CityFibre’s reach by an additional 300,000 premises, signaling a significant step in its quest to become the nation’s third major infrastructure platform, alongside giants like Virgin Media O2 and Openreach.
Unveiling the hidden importance of fibre optic cables in delivering quality and reliable internet services, we spotlight Prysmian, European industry front-runner. Delving into the connection between prudent cable choice and tangible savings in network installation, while highlighting the formidable costs of cable failures. Prysmian’s commitment to innovation shines in miniaturising cables without compromise, resulting in practical and ecological benefits. Prysmian’s Telecom Business Director is set to reveal more insights at the Connected Britain Conference.
Wildanet is revolutionizing fibre broadband in Cornwall with its latest initiative, leveraging its partnership with Xantaro. With an investment of £77 million, this project under Project Gigabit aims to connect over 35,000 rural premises. Xantaro’s advanced technologies streamline deployment, reduce costs, and enhance connectivity.
CityFibre has acquired Connexin’s fibre network, expanding its reach in Hull and East Riding while taking over a £58.6 million Project Gigabit contract. While Connexin retains its ISP and Smart Home businesses, it will operate on CityFibre’s network under a new wholesale agreement, supporting ambitious expansion plans.
Ofcom is accelerating the UK’s full-fibre broadband rollout, aiming for 96% coverage by 2027. With access rising from 25% in 2019 to nearly 70% today, the regulator seeks to maintain momentum. Industry leaders welcome the push for competition and investment, ensuring faster, more reliable internet and positioning the UK as a leader in digital connectivity.
Millicom International Cellular is acquiring Telefonica’s Colombian operations for $400 million, including a 67.5% stake in Coltel. The deal, pending regulatory approval, could reshape the telecom sector by merging Colombia’s second- and third-largest mobile operators.
CityFibre reported its first full-year profit in 2024, with a 34% revenue increase to £134 million. The company expanded its network to 4.3 million premises and secured £865 million from Project Gigabit.
BT’s sale of its wholesale and enterprise unit in Ireland to Speed Fibre Group for €22 million marks a significant shift in the Irish telecom market. Transferring BT Communications Ireland Ltd, this acquisition includes domestic network infrastructure and over 400 business clients, excluding multinational services.
