FullFibre and Zzoomm have agreed to merge. The merger is subject to final documentation execution and regulatory approval, with completion expected “early” this year.
In the combined business, Matthew Hare, CEO of Zzoomm, will become executive chairman and James Warner, CEO of FullFibre, will be group CEO.
FullFibre is a wholesale full fibre network provider that includes an in-house ISP retail company, BeFibre. Zzoomm is a full fibre business operator.
The companies say the merger will create a full fibre footprint that includes 600,000 ready for service properties and over 65,000 customers.
The merged business will look to accelerate growth, enhance operational efficiency and lead on further M&A across the fragmented altnet sector.
James Warner, CEO of FullFibre (pictured above, left), commented, “This merger represents another significant step in our journey. With a shared commitment to delivering transformational full fibre connectivity with exceptional customer experience, this deal strengthens our collective ability to grow even faster and seize new market opportunities.”
Matthew Hare, CEO of Zzoomm (pictured above, right), added, “[As] an enlarged business with the operational and financial infrastructure, as well as a management team with an exceptional track record, we will have an excellent platform to combine with other altnets in the near future as well as driving organic growth faster.”
The partnership will also look to enhance wholesale services for internet service providers (ISPs).