Independent full fibre platform CityFibre has acquired Connexin鈥檚 full fibre infrastructure.
The move establishes a material foothold across the areas of Hull and East Riding, and enables the expansion of the London-based firm鈥檚 footprint by up to 185,000 premises.聽
The agreement will see Connexin鈥檚 shareholder, PATRIZIA鈥檚 European Infrastructure Fund II, become a minority shareholder in CityFibre.
The firm says the acquisition highlights its commitment to actively engaging in market consolidation as part of its nationwide rollout to more than 8 million premises.聽
It follows CityFibre鈥檚 acquisition of Lit Fibre in May 2024, which was fully integrated in less than nine months.
The acquisition includes Hull-based Connexin鈥檚 built network assets, which currently pass more than 80,000 premises, as well as work in progress to a further 20,000 premises and options to extend further throughout Hull over time.
CityFibre will also take on Connexin鈥檚 Project Gigabit contract to rollout fast, reliable gigabit-capable broadband to over 34,000 hard-to-reach premises in Nottinghamshire and West Lincolnshire.
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Connexin will now expand nationwide, across CityFibre鈥檚 network, and build on its success in Internet of Things (IoT), including rolling out one of the UK鈥檚 largest LoRaWAN (long range wide-area networks) and winning contracts for over 2 million smart water meters.
鈥淐onnexin has built an outstanding network and it鈥檚 a brilliant fit for CityFibre. Our mature wholesale model will now bring Hull鈥檚 homes and businesses increased choice and access to unrivalled connectivity products, services and prices,鈥� said Greg Mesch, CEO of CityFibre.
鈥淎fter our rapid integration of Lit Fibre鈥檚 network, we have demonstrated that this is an effective way to expand our footprint and we look forward to playing an active role in the sector鈥檚 accelerating consolidation in 2025.
鈥淕iven our major role in the government鈥檚 Project Gigabit rollout, we are also pleased to take on a further contract, delivering next-generation digital infrastructure for more hard-to-reach rural communities across Nottingham and West Lincolnshire.鈥�
Furqan Alamgir, CEO of Connexin, added: 鈥淲e’re thrilled to partner with CityFibre as we focus on our national growth strategy. This partnership will bring the best of our combined expertise to consumers and businesses alike across the UK.
鈥淭he next phase of our growth is tremendously exciting as we accelerate our focus on expanding our Smarter Home, 老九品茶, Enterprise, Public Sector and Utilities products and services across the UK, enabling these rapidly evolving markets to achieve ambitious goals through adopting smarter technology.鈥�