Independent full fibre platform CityFibre has acquired Connexin’s 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’s footprint by up to 185,000 premises.
The agreement will see Connexin’s shareholder, PATRIZIA’s 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.
It follows CityFibre’s acquisition of Lit Fibre in May 2024, which was fully integrated in less than nine months.
The acquisition includes Hull-based Connexin’s 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’s 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’s network, and build on its success in Internet of Things (IoT), including rolling out one of the UK’s largest LoRaWAN (long range wide-area networks) and winning contracts for over 2 million smart water meters.
“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,” said Greg Mesch, CEO of CityFibre.
“After our rapid integration of Lit Fibre’s 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’s accelerating consolidation in 2025.
“Given our major role in the government’s 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.”
Furqan Alamgir, CEO of Connexin, added: “We’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.
“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, enabling these rapidly evolving markets to achieve ambitious goals through adopting smarter technology.”