Sunday, March 29, 2020

UK's CityFibre acquire FibreNation

Sunday, March 29, 2020  , ,  

CityFibre, the UK’s third national digital infrastructure platform, has acquired FibreNation from TalkTalk Group.

The acquired full fibre network builder allows CityFibre to increase its rollout ambition from 5 million to up to 8 million premises, supporting an investment programme of up to £4 billion. It will also help to accelerate the availability of full fibre across the UK, a platform critical to social and economic recovery in the wake of the Coronavirus pandemic. The completion also triggers TalkTalk’s onboarding as CityFibre’s latest major customer, making long-term commitments of both residential and business customers.

FibreNation was founded in 2018, four years after a joint venture between TalkTalk, Sky and CityFibre was launched to deploy full fibre infrastructure and services across the City of York. The FibreNation brand will remain in market and the company will continue to operate and expand its networks where nearly 60,000 premises can gain access to gigabit speed broadband services from TalkTalk. FibreNation has network construction projects underway in Harrogate and Dewsbury and has most recently announced Bolton as the next town to benefit from full fibre. The company is currently mobilising in both Knaresborough and Ripon, with plans to make full fibre available to up to 3 million homes and businesses.

CityFibre’s increased rollout plan to reach up to 8 million premises is expected to span more than 100 towns and cities, and is estimated to create up to 7,000 construction jobs outside London. To date, CityFibre has identified 62 towns and cities to benefit from its rollout and CityFibre has connected thousands of public sector sites including hospitals, GPs, schools and community venues.

Greg Mesch, Chief Executive at CityFibre, said: “In the face of the rapid spread of the Coronavirus and its unprecedented impact on the UK’s society and economy, we believe that the need for world-class digital infrastructure has never been greater.

https://www.cityfibre.com/network/