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Utilities
In a significant move within the UK's rapidly evolving telecommunications landscape, CityFibre has announced the acquisition of Connexin's full fibre infrastructure. This strategic deal marks a major milestone in CityFibre's mission to become the UK's leading independent full fibre platform, bolstering its presence in crucial regions like Hull and East Riding while expanding its national footprint.
The acquisition includes Connexin's existing fibre network, which currently serves over 80,000 premises, with an additional 20,000 under development. This expansion enables CityFibre to increase its reach by up to 185,000 premises, solidifying its position as a major player in the UK's fibre broadband sector. CityFibre will integrate Connexin's XGS-PON network technology, ensuring the delivery of high-quality wholesale services and enhanced connectivity for both residential and commercial users across the acquired regions.
CityFibre's CEO, Greg Mesch, highlighted the strategic importance of this acquisition, noting, "Connexin has built an outstanding network, and it's a brilliant fit for CityFibre. Our mature wholesale model will now bring Hull’s homes and businesses increased choice and access to unrivalled connectivity products, services, and prices." This integration follows CityFibre's successful acquisition of Lit Fibre in May 2024, demonstrating its ability to rapidly incorporate new assets into its network.
The acquisition has far-reaching implications for the UK's digital landscape, particularly in terms of:
The fibre broadband sector is experiencing significant growth driven by several key trends:
Connexin, founded in 2006 in Hull, has established itself as a key player in providing full fibre services and innovative smart city solutions. The company has been instrumental in disrupting the local fibre broadband monopoly, offering residents and businesses greater choice and digital infrastructure support. Connexin's focus extends beyond fibre broadband to include Internet of Things (IoT) technologies, such as LoRaWAN networks, and smart public sector initiatives like smart water meter deployments.
While CityFibre acquires Connexin's fibre infrastructure, Connexin will focus on expanding its IoT services and smart technology offerings nationwide. This includes leveraging CityFibre's extensive network to scale its business in smarter home, enterprise, and public sector solutions. Connexin CEO Furqan Alamgir expressed excitement about this new phase, stating, "The next phase of our growth is tremendously exciting as we accelerate our focus on expanding our smarter home, business, enterprise, public sector and utilities products and services across the UK."
The acquisition of Connexin's full fibre infrastructure by CityFibre represents a significant milestone in the UK's telecommunications sector, underscoring CityFibre's commitment to expanding high-quality digital infrastructure and driving market consolidation. As the UK continues to evolve towards a more connected future, strategic moves like this play a crucial role in enhancing the nation's fibre broadband capabilities, supporting both economic growth and digital transformation.
Key Points at a Glance:
