CityFibre completes its acquisition of Lit Fibre

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CityFibre, the UK’s largest independent full fibre platform, has now completed its acquisition of Lit Fibre (Lit) from Newlight Partners. The share-based acquisition, announced two months ago, will accelerate CityFibre’s nationwide full fibre rollout by up to 300,000 premises as part of its 8m rollout programme and will see Newlight Partners join as minority shareholders.

Lit is a vertically integrated altnet, comprising a network builder and Internet Service Provider (ISP). It has a current footprint of over 220,000 premises across more than 20 towns in Wiltshire, Gloucestershire, Hertfordshire, Worcestershire, Essex and Suffolk, and serves a subscriber base of approximately 10,000 retail customers.

CityFibre has worked closely with Lit’s management team over the last two months to begin the integration of Lit’s 10Gbps XGS-PON network infrastructure into CityFibre’s carrier-grade network. The integration will be completed later this year, enabling CityFibre’s ISP partners to access the same market-leading products, pricing and service experience across the extended footprint.

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