CityFibre has announced a new GBP2.5bn full fibre investment plan, identifying 37 towns and cities where it already has critical fibre spine assets as primed for expansion for fibre-to-the-home, the company said.
The investment plan responds to the Government´s strategic direction for nationwide full fibre connectivity and its desire for this to be delivered by multiple providers. CityFibre´s rollout will deliver five million homes and corresponds to one third of the Government´s 2025 target of 15 million homes. The scale of its plan means it will be awarding city and town-wide construction contracts across the country for several years to come.
CityFibre´s whole-city build approach ensures that, once completed, nearly every home and business in its footprint will have access to transformational full fibre connectivity, putting each of these 37 towns and cities on a new footing as they join the Gigabit City Club. The investment plan will deliver a large-scale open-access platform reaching a fifth of the UK´s consumer market, providing choice for Internet service providers (ISPs) and mobile network operators, while complementing other national digital infrastructure developments underway. CityFibre´s full fibre networks offer gigabit speed services at lower prices than other networks, while also dramatically improving service levels and network reliability.
CityFibre is the UK´s alternative provider of wholesale full fibre network infrastructure. With existing full fibre infrastructure in towns and cities throughout the UK, it provides a portfolio of active and dark fibre services to its customers which include service integrators, enterprise and consumer service providers, local authorities and mobile operators. CityFibre is committed to bring gigabit capable full fibre broadband to up to five million UK homes and businesses. CityFibre´s strategy is focused on cities and towns outside London. The company is jointly controlled by Antin Infrastructure Partners and West Street Infrastructure Partners (a fund managed by Goldman Sachs).