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CityFibre Plans to Expand Through Deals

Ionide

Pro Member

"CityFibre, after building out its network to reach more than 3 million homes, said it’s ready to pivot to deals."

“The time has come for us to augment that build with acquisitions,” Chief Executive Officer Greg Mesch said in a statement. “Consolidation is inevitable and as the largest challenger to BT Openreach, we will play a major role.”

Interesting, CityFibre hinting at acquisitions now, wonder who they could potentially by eyeing, someone like Netomnia would integrate straight in it seems, unless they intend to go for an ISP instead which is more of a headache I'd assume.
 
Wasnt expecting that, if anything was waiting for VMO2CF to be born.

Makes sense given their rollout hiccups and that they need to be faster to meet their targets.
 
Hope they don't acquire Grain as I like the idea of competition between them and CityFibre.
 
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Consolidation will happen for sure but the timings and the way it will happen it's up for grabs. It's unlikely VMO2 will want to participate as the CMA will likely block any adquisitions. Personally I would prefer to see at least 2 large Altnets after consolidation, with a few local ones too. Community Fibre for instance should be able to stand on its own and given their mostly urban build won't necessarily suffer as much as other smaller Altnets. Economies of scale are important on this business. You got a build a lot of infrastructure and support systems which naturally have to be paid by existing customers. So the more customers you have the biggest chance of having a higher RPU (revenue per user).
 
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