CityFibre to Buy Lit Fibre

March 14th, 2024 by · Leave a Comment

Over in the UK there has been a bit of consolidation in the FTTx space. The national fiber builder and operator CityFibre has announced the acquisition of the provider Lit Fibre, an alternative fiber network currently owned by Newlight Partners.

Lit Fibre’s footprint touches some 20 towns in Wiltshire, Gloucestershire, Hertforshire, Essex, and Suffolk. It passes some 200,000 homes today, with another 100,000 other premises on deck as it completes additional rollouts that are already underway.

They have some 9,000 retail customers currently signed up. CityFibre is a wholesale player, and thus it seems likely that the retail customer base will be sold off, probably to an existing partner.

On the technical the network uses a 10Gbps XGS-PON network architecture, which CityFibre says will be easy to integrate into its own footprint. If all goes well, the deal is expected to close in Q2 of this year. As part of the deal, Newlight Partners will become a minority shareholder in the combined company. CityFibre says it has other acquisitions like this in mind for the future.

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Categories: FTTH · Mergers and Acquisitions

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