Announced
Financials
Sources
Tags
Acquisition
Private
Telecommunications Services: Other
Friendly
fibre network operator
Pending
internet service provider
United Kingdom
Domestic
Single Bidder
Majority
Private Equity
Synopsis
CityFibre, an independent full fibre platform, agreed to acquire Lit Fibre, an internet service provider, from Newlight Partners, a private equity firm. Financial terms were not disclosed. “The UK market needs a third infrastructure platform of scale to ensure competition matures and that it continues to deliver for consumers and the country. Our acquisition of Lit is a clear demonstration of our intent to establish CityFibre as the core of that third platform," Greg Mesch, CityFibre CEO.
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