TalkTalk sells fibre network to CityFibre
£200m deal strenghtens CityFibre network proposition across the UK(Image credit: Shutterstock.com / Red Tiger). “This agreement is good news for TalkTalk and good news for Britain’s fibre roll-out," said Tristia Harrison, Chief Executive of TalkTalk. "Our investment over the last five years and the excellent work delivered by the FibreNation team, combined with CityFibre’s well-established platform, will support wide-geographical reach of full fibre and further drive competition and customer take-up in the market.”. Prime Minister Boris Johnson pledged to deliver full fibre connectivity to the entire of the UK by 2025, and CityFibre, which is owned by Goldman Sachs, has been on a signficiant investment drive to build its network across the UK. In October 2018, the company declared it would be invest £2.5 billion to bring fibre to the premise (FTTP) infrastructure to five million homes across the UK, giving Internet Service Providers (ISPs) and mobile operators an alternative wholesale network for consumer broadband and backhaul services.