Innovation and changeDigital TransformationCityFibre acquires all Redcentric duct and fibre networks

CityFibre acquires all Redcentric duct and fibre networks

CityFibre adds Cambridge, Portsmouth and Southampton footprints, taking its presence to 40 cities

CityFibre has completed the acquisition of all metropolitan local access duct and fibre network assets of IT managed services provider Redcentric.

The assets total at least 137km and the deal accelerates CityFibre’s recent growth still further as it now owns 40 major UK metro networks, becoming an increasingly powerful national competitor to BT Openreach.

Pursuant to its strategy of growing footprint through acquisition of non-incumbent owned fibre infrastructure assets, the deal provides CityFibre with significant metro networks in Cambridge, Portsmouth and Southampton, along with complementary incremental coverage in a number of existing city footprints including Nottingham, Derby and Northampton. It also saves CityFibre considerable time and millions of pounds in capex when compared to a self-build alternative.

 

Commitments

In the £5m network acquisition, CityFibre has secured £4.5m in long-term dark fibre leasing commitments from Redcentric who become a major new customer. Redcentric will continue to operate the fibre infrastructure to serve the connected customers.

CityFibre’s new network will continue to serve 188 Redcentric customer connections. As part of the transaction, Redcentric has also entered into a framework agreement with CityFibre for the use of CityFibre’s infrastructure across its national footprint in future. As with all its network assets, CityFibre will soon make the new footprint available to its wholesale partners comprising business ISPs, public sector service integrators, mobile operators and data centres amongst others.

The newly acquired networks, such as the 44km footprint throughout Cambridge, are all routed to address local areas of identified high demand for high bandwidth services.

Greg Mesch, Chief Executive Officer of CityFibre said: “We’re delighted with today’s acquisition of fibre network assets from Redcentric, which takes us to an important milestone of coverage of 40 cities. Once again we’ve shown that underutilised legacy fibre assets can find a new home in which to flourish within CityFibre’s wholesale shared infrastructure model. We’re very pleased to have secured a deal structure which benefits both our new partner and us, and we look forward to working with Redcentric across our broader national footprint.”

Related Articles

Councils drive transformation with SaaS models

Cloud Computing Councils drive transformation with SaaS models

4m Jay Ashar
The need for balance in digitising public services

Digital Transformation The need for balance in digitising public services

4m Afshin Attari
Digital lags behind in healthcare: Deloitte report

Digital Skills Digital lags behind in healthcare: Deloitte report

4m Jay Ashar
Where are all the change managers delivering “digitisation”?

Change Management Where are all the change managers delivering “digitisation”?

4m Romy Hughes
Getting technology providers to partner for progress

Digital Transformation Getting technology providers to partner for progress

4m Neil Laycock
Driving change through place-based partnerships: Part Two

Digital Customer Service Driving change through place-based partnerships: Part Two

4m Austin Clark
Met Police bids to transform its digital capabilities

Digital Transformation Met Police bids to transform its digital capabilities

4m Jay Ashar
Dartford and Gravesham NHS Trust to be self-made digital exemplar

Digital Transformation Dartford and Gravesham NHS Trust to be self-made digital exemplar

4m Jay Ashar