Broadband's Impact
Goldman Sachs-Based Consortium to Acquire U.K.-Based CityFibre, Pioneer of the Wholesale Open Access Broadband
BROADBAND BREAKFAST INSIGHT: We’ve been watching the progress of CityFibre closely because of what it is demonstrating on the other side of the pond: The future of broadband is in wholesale. Separating infrastructure from services provides significant advantages in being able to raise capital. This is necessary to construct gigabit fiber networks in order to future-proof America’s currently slower-than-it-should-be broadband. We’ll look forward to unpacking the implications of this deal for the United States.
CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
UK-based telecoms firm CityFibre is the subject of a £538 million takeover bid from a consortium of infrastructure funds backed by Goldman Sachs.
The bid was made by Antin Infrastructure Fund and West Street Infrastructure Funds and has already been accepted by two-thirds of CityFibre shareholders.
The company, which offers local wholesale fibre, has recommended the offer to shareholders, saying it will help the firm achieve its ambition of deploying full-fibre to 20% of the UK population and offer an alternative to BT’s Openreach.
“Under private ownership, CityFibre will be able to gain alternative and potentially easier access to the financing required for its announced FTTH (fibre-to-the-home) deployment,” said Chris Stone, chairman of CityFibre.
[more…]
Source: CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
(Photo of CityFibre CEO Greg Mesch.)
Education
Pre-Pandemic Survey of Internet Use by Commerce Department’s NTIA Finds Almost All College Students Online
BROADBAND BREAKFAST INSIGHT: We’ve been watching the progress of CityFibre closely because of what it is demonstrating on the other side of the pond: The future of broadband is in wholesale. Separating infrastructure from services provides significant advantages in being able to raise capital. This is necessary to construct gigabit fiber networks in order to future-proof America’s currently slower-than-it-should-be broadband. We’ll look forward to unpacking the implications of this deal for the United States.
CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
UK-based telecoms firm CityFibre is the subject of a £538 million takeover bid from a consortium of infrastructure funds backed by Goldman Sachs.
The bid was made by Antin Infrastructure Fund and West Street Infrastructure Funds and has already been accepted by two-thirds of CityFibre shareholders.
The company, which offers local wholesale fibre, has recommended the offer to shareholders, saying it will help the firm achieve its ambition of deploying full-fibre to 20% of the UK population and offer an alternative to BT’s Openreach.
“Under private ownership, CityFibre will be able to gain alternative and potentially easier access to the financing required for its announced FTTH (fibre-to-the-home) deployment,” said Chris Stone, chairman of CityFibre.
[more…]
Source: CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
(Photo of CityFibre CEO Greg Mesch.)
Digital Inclusion
Looming Income Inequality Demands a National Broadband Plan for the Next Decade, Says Benton Expert
BROADBAND BREAKFAST INSIGHT: We’ve been watching the progress of CityFibre closely because of what it is demonstrating on the other side of the pond: The future of broadband is in wholesale. Separating infrastructure from services provides significant advantages in being able to raise capital. This is necessary to construct gigabit fiber networks in order to future-proof America’s currently slower-than-it-should-be broadband. We’ll look forward to unpacking the implications of this deal for the United States.
CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
UK-based telecoms firm CityFibre is the subject of a £538 million takeover bid from a consortium of infrastructure funds backed by Goldman Sachs.
The bid was made by Antin Infrastructure Fund and West Street Infrastructure Funds and has already been accepted by two-thirds of CityFibre shareholders.
The company, which offers local wholesale fibre, has recommended the offer to shareholders, saying it will help the firm achieve its ambition of deploying full-fibre to 20% of the UK population and offer an alternative to BT’s Openreach.
“Under private ownership, CityFibre will be able to gain alternative and potentially easier access to the financing required for its announced FTTH (fibre-to-the-home) deployment,” said Chris Stone, chairman of CityFibre.
[more…]
Source: CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
(Photo of CityFibre CEO Greg Mesch.)
Digital Inclusion
Broadband and Education Policy Needs a Rethink in the Biden-Harris Administration, Say Panelists
BROADBAND BREAKFAST INSIGHT: We’ve been watching the progress of CityFibre closely because of what it is demonstrating on the other side of the pond: The future of broadband is in wholesale. Separating infrastructure from services provides significant advantages in being able to raise capital. This is necessary to construct gigabit fiber networks in order to future-proof America’s currently slower-than-it-should-be broadband. We’ll look forward to unpacking the implications of this deal for the United States.
CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
UK-based telecoms firm CityFibre is the subject of a £538 million takeover bid from a consortium of infrastructure funds backed by Goldman Sachs.
The bid was made by Antin Infrastructure Fund and West Street Infrastructure Funds and has already been accepted by two-thirds of CityFibre shareholders.
The company, which offers local wholesale fibre, has recommended the offer to shareholders, saying it will help the firm achieve its ambition of deploying full-fibre to 20% of the UK population and offer an alternative to BT’s Openreach.
“Under private ownership, CityFibre will be able to gain alternative and potentially easier access to the financing required for its announced FTTH (fibre-to-the-home) deployment,” said Chris Stone, chairman of CityFibre.
[more…]
Source: CityFibre set to be bought by Goldman Sachs-backed consortium in £538 million deal
(Photo of CityFibre CEO Greg Mesch.)
-
Broadband Roundup3 months agoNathan Simington is Trump’s New Man for FCC, New Speed Test, Challenges for State Net Neutrality
-
Fiber3 months agoUbiquitous Fiber Infrastructure is Essential to Maximize the Advantages of 5G, According to WIA Report
-
Section 2303 weeks agoPresident Trump’s FCC Nominee Grilled on Section 230 During Senate Confirmation Hearing
-
Innovation3 months agoGovernments and Central Banks Continue to Be Necessary with ‘Stable Coins’ and Cryptocurrencies
-
Broadband Roundup4 months agoCOVID-19 Disinformation and Contact Tracing Discussed at DNC, Rural Cloud Initiative, NTIA Internet Use Survey
-
#broadbandlive2 months agoBroadband Breakfast Live Online on Wednesday, September 30, 2020 — Champions of Broadband: Sunne McPeak
-
5G4 months agoNinth Circuit Upholds FCC’s Small Cell Deployment Order Designed to Promote 5G
-
5G2 months agoTop Executives From Dell, Dish Networks and T-Mobile Tout Details of Their Companies’ 5G Deployments
Pingback: BroadbandBreakfast.com: SiFi Networks Brings Infrastructure Financing to California With $75 Million Open-Access Fiber in Fullerton