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New Deal


Announced

Completed

CityFibre completed the acquisition of FibreNation from TalkTalk Telecom for £200m.

Financials

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Transaction Value£200m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

broadband communications

Private

Acquisition

Single Bidder

United Kingdom

Internet

Friendly

Disposal

Domestic

Synopsis

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CityFibre, the UK's largest alternative provider of wholesale fibre network infrastructure, completed the acquisition of FibreNation, a full fibre broadband provider, from TalkTalk Telecom, a company which provides pay television, telecommunications, Internet access, and mobile network services to businesses and consumers in the United Kingdom, for £200m. "CityFibre's ambitions to take forward our hard work with FibreNation over the last five years, should take us a step closer to that fully connected Britain. The sale of FibreNation to CityFibre, in combination with a competitive wholesale agreement, enables us to continue our strategy to accelerate TalkTalk's fibre growth for our residential and business customers, thereby delivering a superior customer experience at an affordable price," Tristia Harrison, TalkTalk CEO.

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