Announced
Completed
Financials
Tags
Acquisition
Private
Telecommunications Services: Other
Friendly
fibre network operator
internet service provider
United Kingdom
Domestic
Single Bidder
Majority
Private Equity
Completed
Synopsis
CityFibre, an independent full fibre platform, completed the acquisition of Lit Fibre, an internet service provider, from Newlight Partners, a private equity firm. Financial terms were not disclosed. “We’re delighted to have concluded our acquisition and we’d like to welcome everyone at Lit to the CityFibre team. We’re also pleased to welcome Newlight Partners, with their deep understanding of the fibre infrastructure market, as our newest CityFibre shareholders," Greg Mesch, CityFibre CEO.
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