nexfibre and Virgin Media O2 to acquire Upp.

nexfibre, a broadband company, and Virgin Media O2, a mass media and telecommunications company, agreed to acquire Upp, a fibre operator. Financial terms were not disclosed. “Our acquisition of Upp’s network assets represents an important step as we continue to build a world class fibre network along with our wholesale partner Virgin Media O2. At nexfibre, we are on a mission to build and expand our network in suburban and semi-rural areas, closing the digital divide and boosting local economies. Upp is a high-quality regional fibre network in the East of England and will accelerate our rollout in an area where we expect to invest more than £350m by 2026," Andrea Salvato, nexfibre Chairman.