FullFibre and Zzoomm unite to enhance broadband reach

Deal News | Jan 27, 2025 | EIN

FullFibre and Zzoomm unite to enhance broadband reach

FullFibre, an Exeter-based wholesale broadband provider, has agreed to merge with the Oxford-headquartered Zzoomm. This merger aims to create one of the largest full-fibre networks in the UK, with 600,000 properties ready for service and over 65,000 customers. Key leaders, Matthew Hare from Zzoomm and James Warner from FullFibre, envisage this merger as a catalyst for further mergers and acquisitions within the Altnet sector. The merger will allow the combined entity to achieve economies of scale, enhance operational efficiency, and accelerate growth. The transaction, still awaiting regulatory approval, is anticipated to be finalized in early 2025. This merger is the second for FullFibre, which has already integrated with Digital Infrastructure and BeFibre.

Sectors

  • Telecommunications
  • Mergers and Acquisitions

Geography

  • United Kingdom – Both FullFibre and Zzoomm are based in the UK, with operations in Exeter and Oxford respectively, making the UK the geographic focus.

Industry

  • Telecommunications – The article discusses a merger between broadband providers, which are key participants in the telecommunications industry.
  • Mergers and Acquisitions – The focus of the article is on the merger between FullFibre and Zzoomm, highlighting ongoing consolidation trends in the broadband sector.

Financials

    Participants

    NameRoleTypeDescription
    FullFibreMerger PartnerCompanyAn Exeter-based wholesale broadband provider with a presence in the UK telecommunications sector.
    ZzoommMerger PartnerCompanyAn Oxford-headquartered broadband operator known for its full-fibre services.
    Matthew HareExecutive ChairmanPersonCurrent CEO of Zzoomm and future executive chairman of the merged entity.
    James WarnerGroup CEOPersonCurrent CEO of FullFibre and future group CEO of the merged entity.