CityFibre has announced the sale of Lit Fibre’s consumer ISP back to its original founders, Tom Williams and Ben Bresler. This move ensures Lit Fibre’s customers across multiple UK regions will keep enjoying ultrafast broadband services and enables Lit Fibre to leverage CityFibre’s extensive national platform to deliver speeds up to 2.5Gbps. With Lit Fibre’s 10Gbps XGS-PON infrastructure now integrated into CityFibre’s network, an additional 300,000 premises will be brought online, further advancing CityFibre’s nationwide reach to its goal of over 8 million UK premises.
Greg Mesch, CEO at CityFibre said:
“Our strategy has always been to be the wholesale provider of choice, building a nationwide, full fibre network that enables all of our partners to access market-leading products, pricing and service and gives consumers a greater choice of full fibre ISPs. We are really pleased to see Lit Fibre continue with its co-founders, who are passionate about the business, and we look forward to continuing to partner with Lit Fibre across our network.
“As the nation’s third digital infrastructure platform, we continue to evaluate potential acquisition opportunities alongside accelerating CityFibre’s build to reach at least 8 million premises across the UK.”
Tom Williams and Ben Bresler, Co-Founders of Lit Fibre said:
“Lit Fibre has built an enviable reputation for providing excellent service and support and we are delighted that we will be able to continue delivering that for our customers into the future, along with our partners at CityFibre.
“The landscape for internet services is changing where the in-home experience is becoming more important. We believe consumers should expect more from their internet provider and Lit Fibre has an exciting roadmap of product improvements including improved WiFi coverage and enhanced security and protection for all connected devices to meet these higher expectations.”
