What is the story about?
What's Happening?
CityFibre, a major alternative network provider in the UK, has significantly increased its customer connection rate, nearly doubling the number of new connections in the third quarter of 2025 compared to the previous quarter. The company connected 108,000 customers in Q3, up from 58,000 in Q2, bringing its total customer connections to approximately 730,000. This growth was bolstered by Sky's decision to launch services across CityFibre's network. CityFibre's revenue for the quarter reached £43 million, a substantial increase from £34 million in the same period last year, with adjusted EBITDA rising more than fivefold.
Why It's Important?
CityFibre's accelerated growth in customer connections is a positive indicator for the UK's broadband infrastructure development, particularly in the context of increasing demand for high-speed internet services. The company's success in expanding its network and customer base could enhance competition in the telecommunications sector, potentially leading to better service offerings and pricing for consumers. This development also reflects the broader trend of investment in digital infrastructure, which is crucial for economic growth and technological advancement.
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