Corporate news
CityFibre agrees sale of Lit Fibre ISP to its co-founders
1 November 2024
ISP announcement
Leading wholesale voice and data communications provider Entanet has announced its agreement to be acquired by CityFibre, the UK’s largest alternative provider of wholesale fibre network infrastructure.
Leading wholesale voice and data communications provider Entanet has announced its agreement to be acquired by CityFibre, the UK’s largest alternative provider of wholesale fibre network infrastructure.
This landmark transaction marks the emergence of a significant wholesale player in the UK communications market with a unique and highly differentiated proposition. It enables Entanet to transform its wholesale offering to its national portfolio of over 1500 communication provider partners and address the accelerating demands for superior communication and digital transformation among British businesses.
Entanet and CityFibre are highly complementary businesses, combining to create a wholesale provider with significant full fibre infrastructure that will differentiate and strengthen the channel’s proposition. Entanet’s partners will benefit from access to CityFibre’s growing national footprints of full fibre networks that deliver next generation, gigabit-speed services. These will be offered alongside Entanet’s existing connectivity portfolio of fixed, wireless and mobile data connectivity services as well as hosted voice and telecoms.
Entanet CEO Elsa Chen said: “Our partners will soon be able to take a strong, compelling and highly competitive proposition to the market, reaping the rewards of CityFibre’s national full fibre infrastructure footprints and next generation products. They will continue to enjoy the full support of Entanet’s long-established and mature channel strategy and its reputation for providing exceptional partner support services.
Together, we are creating a new breed of wholesale service provider that will empower channel partners to change the connectivity market landscape. We’re extremely excited about the opportunities we can bring to the channel with this transaction.”
CityFibre CEO Greg Mesch said: “With Entanet now part of the CityFibre family, our combined offering will accelerate the take-up of services over our growing network footprints, leveraging Entanet’s enviable channel partner network and continuing to transform digital connectivity for thousands of UK businesses.”
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