CityFibre FTTH Rollout Plans

CityFibre boosts FTTH rollout plans to 8million premises following FibreNation acquisition.

23:06 31 March 2020

CityFibre has confirmed that it has completed the acquisition of TalkTalk’s FibreNation for an undisclosed fee. The move will boost the firm’s FTTH rollout plans and increase its fibre to the home penetration target from 5million to 8million homes by mid-2020s. It will also create up to 7,000 construction jobs outside of London.

 

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.

 

“Completing our acquisition of FibreNation marks an acceleration in our ability to deploy the critical future-proof digital infrastructure our country needs. By significantly expanding our rollout ambition to up to 8 million premises, CityFibre is helping to answer the call for a full fibre Britain,”

 

Tristia Harrison, chief executive of TalkTalk, added: “Now more than ever, reliable and affordable connectivity should be available to every single home in Britain, and this agreement shows that a full fibre future can be delivered through competition and investment by many players. CityFibre’s ambitions to take forward our hard work with FibreNation over the last five years, should take us a step closer to that fully connected Britain,”

 

“The sale of FibreNation to CityFibre, in combination with a competitive wholesale agreement, enables us to continue our strategy to accelerate TalkTalk’s fibre growth for our residential and business customers, thereby delivering a superior customer experience at an affordable price,” she added.