CityFibre passes 2m homes milestone
September 20, 2022
By Colin Mann
UK full fibre platform CityFibre has now passed more than 2 million homes in its rollout. The major milestone marks the completion of 25 per cent of its announced nationwide rollout to 8 million premises. Once the full rollout is completed, the network will address approximately one third of the UK market and unlock up to £38 billion in economic benefits, according to research by the consultancy Hatch.
CityFibre began the construction of its access network in 2018, establishing a supply chain of build partners and commencing mobilisation in its first 12 towns and cities. Pioneering a partner-centric approach to its build, it reached its one million home milestone three years later. It has since continued to scale its supply chain and improve its productivity, passing a further million homes in the last 12 months across 75 metropolitan areas and making CityFibre the UK’s second largest full fibre network.
Of the 2 million homes passed to date, approximately 1.8 million are ‘Ready For Service’ (RFS) enabling residents to place an order and receive services in as little as five working days. Over 30 consumer Internet Service Provider (ISP) partners including TalkTalk, Vodafone and Zen have chosen CityFibre’s carrier-grade services and are benefiting from its market-leading wholesale products and pricing.
With improved access to a growing footprint through CityFibre’s national network and an effective partnership model to drive awareness and take-up throughout the build process, ISPs are now delivering record orders each month. This is accelerating take-up across CityFibre’s network. Its most mature location, Milton Keynes, has now exceeded 25 per cent take-up and others growing on a similar trajectory.
Earlier this year CityFibre secured one of the largest single financings dedicated to full fibre deployment across Europe. The £4.9 billion debt package fully finances its rollout to a third of the UK market including 800k businesses, 400k public sector sites and 250k 5G access points. It also enables CityFibre to participate in BDUK’s ‘Project Gigabit’ rural programme.
“As the UK’s second largest fibre network, we’re thrilled to now provide two million households with access to the nation’s fastest and most reliable broadband services,” declared Greg Mesch, Chief Executive Officer at CityFibre.
“As the nation’s true digital infrastructure challenger, we’re determined to keep raising the bar with better products, better services, and better economics. This won’t just benefit our customers and theirs, it will help unlock innovation and economic growth across the UK.”