Announced
Completed
Financials
Tags
Completed
Majority
broadband communications
Private
Acquisition
Single Bidder
United Kingdom
Internet
Friendly
Disposal
Domestic
Synopsis
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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