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.
The merger of two major UK fibre altnets, FullFibre and Zzoomm, marks a pivotal moment in the VoIP telecommunications landscape. This strategic alliance will enhance the capabilities of one of the UK’s largest alternative fibre networks.
CityFibre has launched the deployment of its full-fibre network in nine UK regions as part of Project Gigabit. This £5 billion initiative aims to connect over 1.3 million homes and businesses, reducing Britain’s digital divide.
Nokia has joined forces with Openreach to deploy its ONE Network platform to enhance fibre network automation across the UK. By leveraging Nokia’s Altiplano and NSP controllers, Openreach can automate its fibre services.
Nexfibre announces its fibre-to-the-premise (FTTP) network now covers 2 million homes, making it the UK’s second-largest alternative network. In just two years, Nexfibre achieved this milestone, aiming to transform broadband access.
Zegona Communications and MasOrange have launched FibreCo, a groundbreaking venture poised to revolutionize Spain’s fibre infrastructure by potentially covering 12.2 million premises. This collaboration integrates their FTTH networks, aiming to establish the largest FTTH network in Europe.
Harmony Networks has acquired Spring Fibre for £1.5 million. While Spring Fibre aimed for expansive growth, it faltered under financial strain, only connecting 12,000 premises out of a million.
BT’s financial report for the first half of 2024 reveals a 3% revenue decline due to the competitive retail market, while profits fell by 10% owing to heightened costs. On a positive note, BT’s fibre network now covers over 16 million UK households, bolstered by the rapid fibre deployment by Openreach.
