Having onboarded Sky and raised a significant amount of capital this year, CityFibre’s new CEO Simon Holden told Total Telecom the company was primed for further growth through altnet consolidation.
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Independent industry data shows FTTP coverage at about 77.8% of UK premises in Q2 2025 (roughly 26m), with Openreach and altnets driving rapid expansion, rising overbuild and a shift from copper to fibre that is reshaping competition and policy priorities.
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CityFibre, the UK’s largest independent full fibre platform, has reached agreement with its shareholders and existing lenders on a major £2.3bn financing round, accelerating its next phase of growth.
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The fibre network operator insists that its growth plans remain on track, despite reports that the company’s backers are exploring a potential sale
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The majority of farmers (60%) say internet connectivity is critical to running their farm, yet almost one-in-ten farms (8%) do not have any internet connectivity at all
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The deal will see over 185,000 premises added to CityFibre’s full fibre network
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UK altnet CityFibre has announced its 2024 annual results, reporting its first full year of profitability, with a 34% revenue increase to £134 million
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CityFibre, the UK’s largest independent full-fibre network provider, has sold its ISP subsidiary Lit Fibre consumer internet service back to its co-founders, Tom Williams and Ben Bresler.
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News The funding will benefit over 80 schools across the UK This week, the UK’s largest altnet...
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Interview At Connected Britain this year, we spoke to CityFibre’s CEO Greg Mesch to discuss the...
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The UK’s largest altnet CityFibre has released its annual statement for the 2023 financial year this week, in which it warned that to continue operations as usual it will need to secure additional external funding.
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In the wake of last week’s news in which Sky and CityFibre announced a long-term partnership, various reports were published suggesting the deal would be a challenge for the UK incumbent BT.
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Sky and CityFibre have announced a long-term partnership allowing Sky to offer full fibre services over CityFibre’s network. The move should give CityFibre a huge competitive boost as they look to take on market leader Openreach.
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Today, CityFibre has completed its acquisition of Lit Fibre from Newlight Partners, who will remain minority shareholders as per the transaction agreement.
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Seven major network operators, including Openreach, CityFibre, and Sky, have agreed on new rules to protect people who rely on personal alarms as UK landlines are upgraded to a new digital network.
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News The five new contracts will help subsidise the rollout of full fibre broadband infrastructure...
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News The new package offers speeds of up to 1.2Gbps, allowing ISPs to feel more comfortable...
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News The firm passed 2 million premises last September and is currently rolling out fibre at a...
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News The UK’s largest altnet has secured £318 million in government to rollout...
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News Reports suggest that Virgin Media O2 (VMO2) has entered talks to purchase CItyFibre, the UK’s...
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