CITYFIBRE Archives | VoIP Review

Market Watch

CityFibre Dismisses Sale Rumors, Pursues £1.5B Financing

By Kamile Bigenyte June 11, 2025

CityFibre recently dismissed rumors of a potential sale to rival Virgin Media O2, highlighting the company’s commitment to expansion in the fibre network sector. Despite financial pressures and a current debt of £3.9 billion, CityFibre remains focused on its goal to connect 8 million homes by 2025. The company is actively seeking £1 billion in additional funding to support growth and the acquisition of smaller networks. CityFibre underscores its strong market position and expects to announce new financing details soon, solidifying its leadership in the fibre network space.

Telco Buzz

UK Farmers Struggle as Poor Internet Hampers Productivity

By Kamile Bigenyte May 2, 2025

A new survey reveals that poor internet access is holding back UK farmers, with nearly one in ten farms entirely offline. As reliance on smart technology grows, slow connections hinder productivity, innovation, and well-being. Full fiber rollout is crucial to bridging the rural digital divide and unlocking the full potential of British agriculture.

M&A

CityFibre Expands UK Reach with Connexin Acquisition

By Kamile Bigenyte March 25, 2025

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.

Market Watch

CityFibre Achieves Profit, Expands with Sky Partnership

By Kamile Bigenyte February 13, 2025

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.

Telco Buzz

CityFibre Drives UK Connectivity with Project Gigabit Rollout

By Kamile Bigenyte January 22, 2025

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.

Market Watch

CityFibre Sells Lit Fibre, Refocuses on Wholesale Network

By Kamile Bigenyte November 4, 2024

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.

Market Watch

CityFibre Boosts STEM Education with £150K Pledge

By Kamile Bigenyte October 24, 2024

CityFibre, the UK’s largest alternative network, has committed £150,000 to STEM Learning, bolstering STEM education through innovative initiatives targeting 80 schools in the Project Gigabit footprint. This funding aims to support computer science lessons and inspire students, especially girls, to engage in STEM careers.

Telco Buzz

CityFibre Seeks Funds to Boost UK Telecom Growth Potential

By Kamile Bigenyte October 4, 2024

CityFibre, the UK alternative network provider, urgently seeks external funding to maintain pace against competitors like Openreach. Despite financial challenges, CityFibre reported impressive growth with a revenue surge to £99.67 million in 2023.

Broadband

CityFibre-Sky Partnership Stirs UK Broadband Market Dynamics

By Kamile Bigenyte August 28, 2024

The recent partnership between CityFibre and Sky has significant implications for the UK’s broadband market, potentially challenging BT’s dominance. This deal extends Sky’s services, enhancing competition and driving innovation. Industry experts suggest that while BT faces pressure, the partnership signals confidence in the emerging alternative networks.

M&A

CityFibre Completes Acquisition of Lit Fibre, Eyes Further Expansion

By Kamile Bigenyte May 15, 2024

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.