The broadband provider has reported a 147% rise in sales.
High-speed broadband provider CityFibre has reported a 147% rise in sales from just the first six months of 2016, giving them yet another significant boost up on the way to becoming a serious rival to BT Openreach’s network.
The company, which owns and operate a number of its own fibre optic networks, has seen a substantial growth in the last few years, managing to extend its reach to more than 40 different towns and cities up and down the UK through a series of large acquisitions. It is currently estimated that they provide services to over 4 million homes.
On Monday, they announced a £5m acquisition of 137km of ducts and fibre networks from service provider Redcentric which will greatly assist them forming a fresh network presence in Cambridge, Portsmouth and Southampton.
Greg Mesch, Chief Executive of CityFibre, felt they’d had a "very strong six months" and were well placed to "capitalise on a number of significant near-term commercial opportunities”, for example trialling a faster gigabit speed in homes that employ the Sky and TalkTalk services.
BT’s Openreach network, which is currently the dominant broadband infrastructure in the U.K, has been the subject of much criticism over their apparent unwillingness to invest in the network, which has in turn lead to incredibly slow internet speeds and poor service.
Regulatory board Ofcom recently decided to grant all British providers with permission to connect their own equipment to the fibre-optic lines contained within BT’s Openreach network. CityFibre has been openly critical of this decision, believing that it will “discourage companies from investing in new infrastructure and will keep Openreach's network in the ascendency”.
Find out whether you could be getting faster home broadband speeds. Our speed test will check your current broadband and let you compare with other speeds in your area.Test your broadband
Our handy broadband contract renewal reminder service will let you know when your contract is coming to an end, so you can look for the best new deals.Set your reminder
Answer a few quick questions and our broadband usage calculator will give you a data estimate for your household. Using this we’ll recommend the best kind of deal for you.Calculate