CityFibre acquires fibre assets from Redcentric; adds Cambridge, Portsmouth, Southampton to footprints

26 Sep 2016

CityFibre, the UK’s self-styled ‘national builder of Gigabit Cities’, has announced that it has completed the acquisition of all metropolitan local access duct and fibre network infrastructure of Redcentric. These assets total at least 137km, and include significant metro networks in Cambridge, Portsmouth and Southampton along with complementary incremental coverage in a number of existing city footprints including Nottingham, Derby and Northampton. As part of the transaction, Redcentric has also entered into a framework agreement with CityFibre for the use of the latter’s infrastructure across its national footprint in future.

A company press release reads: ‘The deal accelerates CityFibre’s recent growth still further as it now owns 40 major UK metro networks, becoming an increasingly powerful national competitor to BT Openreach … Pursuant to its strategy of growing footprint through acquisition of non-incumbent owned fibre infrastructure assets, the deal provides CityFibre with It also saves CityFibre considerable time and millions of pounds in CAPEX when compared to a self-build alternative.’

United Kingdom, CityFibre