CityFibre resumes £200m TalkTalk, FibreNation acquisition deal
CityFibre has reportedly reconvened talks with TalkTalk for the sale of its UK wholesale fibre carrier, FibreNation for approximately £200 million.
According to Sky News, the previously suspended talks are back on and as discussions are at an advanced stage, a deal could be agreed as soon as some time this month.
The negotiations previously fell apart due to the Labour Party’s pledge to nationalise the UK’s broadband network, including BT’s Openreach, and offer internet to all, should it win the 2019 general elections. The news of its intentions to do so sent much of the industry into shock.
At the time TechUK, an industry lobbyist group said that the renationalisation of Openreach would stall broadband investment from private companies. Additionally, BT CEO Philip Jansen said that the Labour Party’s £20 billion projected cost of its nationalisation plan citing closer to £40 billion. At time BT’s share fell 4%.
Now that Labour lost out to the Conservatives in the last general election, TalkTalk has been discussions with the likes of John Laing Group about acquiring FibreNation but from reports it has opted to further talks with Cityfibre, a venture part-owned by the Wall Street bank Goldman Sachs.
Under the proposed deal with CityFibre, the Goldman-backed company will take full control of FibreNation, with TalkTalk receiving a cash payment and signing a long-term agreement to be a customer of the business.
If the deal goes through TalkTalk will use the funds to pay down its debts while CityFibre will leverage the company’s assets to increase its target of connection five million home to full-fibre broadband to eight million.
CityFibre announced plans to deliver Gigabit fibre broadband to up to five million homes back in 2017 as part of its £500 million partnership with Vodafone UK. Under the terms of the wholesale agreement, Vodafone will have the right to a period of exclusivity that will allow the telco to market consumer broadband services on the FTTP network.
Since then the collaboration between has turned sour with CityFibre attempting to break its deal with Vodafone on the grounds that it is at risk of losing out on lucrative contracts due to the exclusivity clause and is now asking for concessions from Vodafone.
- Senior Cyber Risk Consultant, UK - Remote first- Exclusive
- United Kingdom
- Depended on experience.
Cyber Security Risk Consultant to join specialist, people first security consultancy. WARNING if you want a large, slow moving, high politics, high travel security consultancy that demands their a pound of flesh this is NOT for you. Client focused opportunity. Prior consulting experience is essential within Cyber Security. Experience working with businesses to identity and make recommendations to mitigate cyber risk. Some of the nice to have certifications. CRISC, ISO27001 Lead implementer, CISA, CISM, CISSP UK based - remote first mentality. (With some travel) Training budget Unlimited holiday Looking to interview immediately Unable to offer sponsorship.
- identity access Management Consutlant
- Upto £80,000 plus benefits
An Identity & Access Management Consultant is needed for an expanding business based in the United Kingdom. (Remote role with monthly office meet ups) The Identity & Access Management Consultant will be responsible for the technical design and implementation of Identity & Access Management/IAM products for a wide variety of clients. Deliver bespoke end-to-end consultancy service to our clients, from gathering requirements through to implementation. Work in a close team designing, developing, and implementing first-class IAM solutions. Manage client relationships, working closely with key stakeholders to continually evaluate business requirements and ensure the highest quality solution delivery. If you are interested we are looking for an individual with Previous experience working within the IAM or CIAM field is essential, Strong knowledge with SAML and Oauth and ideally OpenID Previous experience from any of these technologies: One Identity, SailPoint, Saviynt, Ubisecure, Ping Identity, would be advantageous
- 17'5 NOT 4 7R4P | Pen testing Lead 100k++
Lead Penetration tester wanted please. - This is however a Master level as appose to padawan. 1. 100k+ for the skilled individual. 2. Research / training time 3. Hybrid role- 3 days at home 2 in the office with the team in London. (11am - 16:00) 4. Exclusive opportunity. So yours to hear about if you are quick. Infrastructure and Web application / red teaming pen testing experience Someone that can scope, deliver and speak to clients.
- It's Pen Testing, The good, the bad and the ugly
- United Kingdom
A new lead Pen Testing opportunity, AND slightly different from the usual you may see. The good, the bad and the ugly… Lalalalala la laa laaaa The GOOD 1. £90-110k for the skilled individual. 2. Research / training time 3. Hybrid role- 3 days at home 2 in the office with the team in London. (11am - 16:00) 4. Exclusive opportunity. So yours to hear about if you are quick. The bad 1. You have to apply or email me so we can speak. 2. 17'5 NOT 4 7R4P or click bait The ugly 1. It’s only ugly if you don’t reply and someone else you know gets it. Infrastructure and Web application / red teaming pen testing experience Someone that can scope, deliver and speak to clients. Apply today for more information.