Hot on the heels of confirmation that it is to acquire TalkTalk’s FibreNation subsidiary, British pure fibre provider CityFibre has announced that it is increasing its rollout target, from five million premises to eight million. In a press release outlining its plans the company said its investment programme will now cost up to GBP4 billion (USD5.2 billion) by the time it is completed, and create around 7,000 new construction jobs in the process.
With regards to the deal for FibreNation, CityFibre confirmed that as part of the wholesale agreement struck with TalkTalk as part of the acquisition, the latter has made long-term commitments across CityFibre’s existing and future network rollout. In addition, CityFibre noted that it has also struck an extensive wholesale agreement for business services with TalkTalk, and the two companies will now reportedly begin systems integration in preparation for the future launch of TalkTalk’s full fibre services.
Meanwhile, in parallel to the developments related to its acquisition of FibreNation, CityFibre has also confirmed the signing of an agreement with Vodafone UK to modify the terms of their existing partnership agreement. According to CityFibre, this new deal will enable it to open up its networks to other consumer ISPs sooner than planned.