Wednesday, October 24, 2018

CityFibre plans £2.5 billion full fibre network in UK

CityFibre announced a new £2.5 billion full fibre investment plan to extend its network in 37 towns and cities across the UK. The plan is underpinned by significant existing network assets and operations in these municipalities.

CityFibre was acquired in June 2018 by Antin Infrastructure Partners and West Street Infrastructure Partners, a fund managed by Goldman Sachs.

CityFibre said its expanded rollout plan will deliver fibre connectivity to five million homes and corresponds to one third of the Government’s 2025 target of 15 million homes.

Vodafone was named as the first consumer ISP customer for the new network.

CityFibre’s fibre-to-the-home builds are currently underway in Milton Keynes, Peterborough and Aberdeen, with construction due to start in Edinburgh, Stirling, Coventry and Huddersfield before the end of this year and Cambridge, Leeds and Southend-on-Sea shortly afterwards.

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