CityFibre completes acquisition of Lit Fibre 


The deal was first announced two months ago 


Today, CityFibre has completed its acquisition of Lit Fibre from Newlight Partners, who will remain minority shareholders as per the transaction agreement. 

 Lit Fibre has an existing fibre-to-the-premise (FTTP) footprint of over 220,000 premises across more than 20 towns, including Wiltshire, Gloucestershire, Hertfordshire, Worcestershire, Essex, and Suffolk. As a vertically integrated altnet, the company sells services directly to customers, having built a subscriber base of approximately 10,000 retail customers since its establishment in 2021. 

CityFibre says it will continue to drive towards Lit Fibre’s strategic goal of passing 300,000 premises with FTTP by 2025. 

Integration efforts between CityFibre and Lit Fibre are already underway to incorporate Lit Fibre’s 10Gbps XGS-PON network infrastructure into CityFibre’s carrier-grade network. This integration will enable CityFibre’s ISP partners to access a broader range of products, pricing, and services across the expanded footprint. Current Lit Fibre customers have been assured that the quality of their broadband services will remain unaffected throughout the integration process.  

Financial details of the deal have not been disclosed. 

“We’re delighted to have concluded our acquisition,” said Greg Mesch, CEO at CityFibre. “This is a great opportunity for us to hone our integration capabilities as acquisition becomes an increasing accelerant to our 8m plan.” 

The acquisition is the first of several similar expansions that CityFibre anticipates over the next two years. Alongside its ongoing fibre rollout, the company has chosen to pursue the acquisition of altnets to expand its footprint, aiming to become the UK’s third digital infrastructure platform.  

Currently, the company has passed 3.6 million homes, and is on track to connect another million this year. 

Keep up to date with the latest telecoms news by subscribing to the Total Telecom daily newsletter 

Also in the news:
UK government conditionally approves £15bn Vodafone–Three merger
Nokia and Vodafone trial Open RAN with Arm and HPE
T-Mobile and Verizon to buy US Cellular, reports say

Recent Posts