CityFibre has sold Lit Fibre’s consumer ISP to its co-founders, Tom Williams and Ben Bresler.
The deal means Lit Fibre’s existing customers across Wiltshire, Gloucestershire, Hertfordshire, Worcestershire, Essex and Suffolk will continue to receive broadband services from Lit Fibre. Lit Fibre is also now fully onboarded to CityFibre’s national infrastructure platform, enabling it to offer symmetrical speeds of up to 2.5Gbps.
CityFibre acquired Lit Fibre in May 2024 and work to integrate its 10Gbps XGS-PON network infrastructure into its carrier-grade network is expected to complete later this year. The integration will expand CityFibre’s nationwide full fibre network by up to 300,000 premises, as part of its plans to reach at least 8 million premises.
The sale of Lit Fibre’s consumer ISP aligns to CityFibre’s commitment to a wholesale-only model and demonstrates CityFibre’s ability to rapidly integrate and commercialise acquired footprint to drive network growth.
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.”