1 November, 2024, London: CityFibre, the UK’s largest independent full fibre platform, has today announced the sale of Lit Fibre’s consumer Internet Service Provider to its co-founders, Tom Williams and Ben Bresler.
The deal means Lit Fibre’s existing customers across Wiltshire, Gloucestershire, Hertfordshire, Worcestershire, Essex and Suffolk, will continue to enjoy ultrafast broadband services from Lit Fibre. Lit Fibre is also now fully onboarded to CityFibre’s national infrastructure platform, enabling it to offer symmetrical speeds of up to 2.5Gbps anywhere over the nationwide, full fibre network.
CityFibre acquired Lit Fibre in May 2024 and work to integrate its 10Gbps XGS-PON network infrastructure into CityFibre’s carrier-grade network is expected to complete later this year. The integration will expand CityFibre’s nationwide full fibre network by up to 300,000 premises, as part of its plans to reach at least 8 million premises.
The sale of Lit Fibre’s consumer ISP aligns to CityFibre’s commitment to a wholesale-only model and demonstrates CityFibre’s ability to rapidly integrate and commercialise acquired footprint to drive network growth.
Greg Mesch, CEO at CityFibre said: “Our strategy has always been to be the wholesale provider of choice, building a nationwide, full fibre network that enables all of our partners to access market-leading products, pricing and service and gives consumers a greater choice of full fibre ISPs. We are really pleased to see Lit Fibre continue with its co-founders, who are passionate about the business, and we look forward to continuing to partner with Lit Fibre across our network.
“As the nation’s third digital infrastructure platform, we continue to evaluate potential acquisition opportunities alongside accelerating CityFibre’s build to reach at least 8 million premises across the UK.”
Tom Williams and Ben Bresler, Co-Founders of Lit Fibre said: “Lit Fibre has built an enviable reputation for providing excellent service and support and we are delighted that we will be able to continue delivering that for our customers into the future, along with our partners at CityFibre.
“The landscape for internet services is changing where the in-home experience is becoming more important. We believe consumers should expect more from their internet provider and Lit Fibre has an exciting roadmap of product improvements including improved WiFi coverage and enhanced security and protection for all connected devices to meet these higher expectations.”
ENDS
Issued on behalf of CityFibre by Weber Shandwick. For more information or images, contact: cityfibre@webershandwick.com
About CityFibre:
CityFibre is the UK’s largest independent full fibre infrastructure platform, providing carrier-neutral digital infrastructure to its wholesale customers and enabling ultra-fast, reliable and futureproof broadband, Ethernet and 5G services to serve homes and businesses as well as schools, hospitals and GP surgeries.
CityFibre’s full fibre network rollout programme targets at least a third of the UK market: more than 8m homes, 800k businesses, 400k local authority sites and 250k 5G access points. CityFibre has already announced 285 cities, towns and villages that will receive a transformational digital upgrade as part of the nationwide rollout.
As the only 100% full fibre wholesale network in the UK, CityFibre is trusted by major Internet Service Providers and mobile operators including TalkTalk, Three, Vodafone and Zen as well as a new generation of smaller regional ISPs dedicated to delivering full fibre broadband. In August 2024, Sky and CityFibre announced a long-term partnership that will see Sky launch broadband services on the CityFibre network. Work is underway to ensure Sky’s Full Fibre Broadband will be available to people on the CityFibre network in 2025.
CityFibre is based in London and is owned by funds managed by Antin Infrastructure Partners, Goldman Sachs Asset Management, Mubadala Investment Company, Interogo Holding and Newlight Partners.
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