CityFibre has opted to sell Lit Fibre's consumer ISP division back to its co-founders, reinforcing its commitment to a wholesale-only business model in broadband.
With this sale, CityFibre is focusing on expanding its national infrastructure platform, enabling partners to access a range of market-leading products and services.
Lit Fibre, despite being sold, is still on track to deliver significant growth, aiming for an additional 100,000 premises by early 2025 across key UK regions.
The integration of Lit Fibre into CityFibre's infrastructure allows for providing symmetrical internet speeds of up to 2.5Gbps, enhancing the service offerings available.
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