Corporate news
CityFibre agrees sale of Lit Fibre ISP to its co-founders
1 November 2024
Comment
City communications
In a response to the Chancellor’s first Budget statement, Greg Mesch, Chief Executive Officer at CityFibre said: “We are in full support of the Prime Minister’s commitment to level-up the country with a full fibre network by 2025.
Britain is a service-based economy that runs off the internet, and the internet works best on full fibre. This technology is creating a digital infrastructure that will enable more 5G network services, smart cities, and will establish a platform the country needs to thrive in the future.
However, in order to fully achieve this, we need competition to ensure the full fibre rollout in cities and towns across the country continues at speed and no place is left behind.”
With network projects in over 60 cities and construction underway to reach up to 8 million homes
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