{"id":41755,"date":"2025-05-14T09:41:18","date_gmt":"2025-05-14T08:41:18","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=41755"},"modified":"2026-03-16T06:54:40","modified_gmt":"2026-03-16T06:54:40","slug":"persimmon-sells-uk-full-fibre-broadband-isp-fibrenest-to-buuk","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/05\/persimmon-sells-uk-full-fibre-broadband-isp-fibrenest-to-buuk.html","title":{"rendered":"Persimmon Sells UK Full Fibre Broadband ISP FibreNest to BUUK UPDATE"},"content":{"rendered":"

Property developer Persimmon Homes<\/a> (Persimmon Plc) has this morning announced that they’ve sold their sibling broadband ISP, FibreNest<\/a>, which offered internet packages to homeowners on the developments where they’d deployed their own “full fibre<\/em>” (FTTP<\/a>) lines, to alternative network provider BUUK Infrastructure (aka – GTC, OFNL – Open Fibre Networks Limited<\/a>).<\/p>\n

Much like Persimmon’s approach with FibreNest, OFNL provides open access Fibre-to-the-Premise<\/strong> (FTTP<\/a>) broadband networks that offer residents and businesses ultrafast connectivity on new build developments. But unlike Persimmon, OFNL is not restricted to only working with a single property developer and at the last update its network had already covered around 169,000 new build homes (14th May 2025 estimate via Thinkbroadband<\/a>).<\/p>\n

NOTE:<\/strong> OFNL is a pure wholesale network operator that works with lots of small retail ISPs, while FibreNest is both a retail ISP and network operator.<\/div>\n

By comparison, FibreNest is a younger project (started 2018) and the network it reflects has so far covered 54,000 premises of Persimmon’s new build homes (14th May 2025 estimate). The provider has also faced some criticism due to the lack of ISP options on their network (example<\/a>). FibreNest do claim to offer a wholesale solution, but no other ISPs have found their offer attractive enough to adopt.<\/p>\n

In that sense, today’s announcement of Persimmon’s sale of FibreNest’s full fibre broadband service to BUUK Infrastructure could be significant, both for existing homeowners within their respective developments and their future ability to expand. In addition, it will also make the overall and now much larger network more attractive as a consolidation target for bigger fish.<\/p>\n

The discounted total enterprise value for the sale is c. \u00a3100m<\/strong>, with \u00a370m received upon completion and further payments contingent on business performance over the coming years. Persimmon’s Board intends to use the proceeds from the sale of this non-core asset to invest further in its growth strategy.<\/p>\n

The sale will also remove the need for the ongoing investment that FibreNest would have required in the coming years, providing additional capital for Persimmon to allocate to deliver its medium-term growth ambitions.<\/p>\n

Dean Finch, Group Chief Executive, said:<\/strong><\/p>\n

“The sale will provide greater choice to FibreNest customers and allows Persimmon to invest further in our growth strategy. By partnering with BUUK we have been careful to select a well-respected operator that is committed to excellent service.”<\/p><\/blockquote>\n

The announcement makes clear that, under BUUK’s ownership, FibreNest will be able to offer improved choice for customers, with access to up to 18 other broadband ISPs to choose from (although most of them do follow a roughly similar level of pricing and service quality on OFNL’s network). The sale is expected to complete, subject to regulatory clearance, within 3 months. Credits to one of our readers, Tom, for spotting the development.<\/p>\n

Furthermore, it’s worth reminding our readers that OFNL also has a partnership with Virgin Media<\/a> (details<\/a>), which makes it possible for homeowners on many of their sites to access Virgin’s services too. In theory, it’s conceivable that this dual duct agreement could now be extended to include FibreNest’s sites too, although that has yet to be confirmed and may require additional considerations (e.g. we don’t know if FibreNest’s network or the sale agreement can be adapted in this way).<\/p>\n

UPDATE 12:47pm<\/strong><\/p>\n

OFNL has now put out an announcement, which includes a quote.<\/p>\n

John Marsh, Director OFNL, said:<\/strong><\/p>\n

\u201cThis acquisition marks a significant milestone for our business, and we\u2019re delighted to welcome FibreNest customers to OFNL. OFNL has a wealth of experience in the fibre market, with our Fibre-to-the Premises (FTTP) networks already delivering gigabit-capable speeds to many thousands of homes and businesses across the UK. In the coming months we plan to work through a programme to integrate our networks, which will ultimately deliver more choice and even better service to our customers in 2026.<\/p>\n

We\u2019re also thrilled to welcome the FibreNest team, whose skill, expertise and industry knowledge have been instrumental in their business success so far. We look forward to working together to deliver more resilient connectivity, growth and innovation to even more communities.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Property developer Persimmon Homes (Persimmon Plc) has this morning announced that they’ve sold their sibling broadband ISP, FibreNest, which offered internet packages to homeowners on the developments where they’d deployed their own “full fibre” (FTTP) lines, to alternative network provider BUUK Infrastructure (aka – GTC, OFNL – Open Fibre Networks Limited).<\/p>\n","protected":false},"author":1,"featured_media":29654,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[56,2727],"class_list":["post-41755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-fttp","tag-ofnl"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/114505297412814607","error":""},"yoast_head":"\nPersimmon Sells UK Full Fibre Broadband ISP FibreNest to BUUK UPDATE - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Property developer Persimmon Homes (Persimmon Plc) has this morning announced that they've sold their sibling broadband ISP, FibreNest, which offered\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2025\/05\/persimmon-sells-uk-full-fibre-broadband-isp-fibrenest-to-buuk.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Persimmon Sells UK Full Fibre Broadband ISP FibreNest to BUUK UPDATE - 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