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Broadband

CityFibre to buy Kcom long-distance network for GBP 90 mln

Monday 14 December 2015 | 08:35 CET | News
Kcom has agreed to sell its national network infrastructure to CityFibre for GBP 90 million. The assets include 1,100 route km of metro network in 24 towns and cities, and a national long-distance network of around 1,100 route km that connects 22 towns and cities and offers connectivity into key data centres and wholesale internet peering points in London. Kcom will hold on to its local network assets in Hull and East Yorkshire and use the proceeds from the sale to reduce debt. CityFibre said it has agreed an underwritten share offering to raise GBP 80 million for the purchase. The cost of

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Categories: Fixed
Companies: CityFibre / Kcom
Countries: United Kingdom
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