ASK4 has acquired ClearFibre in a move that will support the MSP’s long-term goal of improving connectivity and service delivery in multi-tenant buildings, as well as strengthening its ongoing commitment to the UK’s Build-to-Rent (BTR) market.
Thu, 15/05/2025 - 10:22
FibreNest – the full fibre broadband service owned by Persimmon – will be sold to BUUK Infrastructure in a £100m deal, with proceeds going towards the housebuilder’s growth strategy.
The broadband service will join OFNL as part of the BUUK group which provides full-fibre and multi-utility services to new build housing developments.
Persimmon will receive £70m upon completion and further payments contingent on business performance over the coming years.
The company also said that the sale will remove the need for the ongoing investment that FibreNest would have required in the coming years, providing additional capital for it to allocate to deliver its medium-term growth ambitions.
Under BUUK’s ownership, FibreNest will offer improved choice for customers, with access to up to 18 internet service providers.
Dean Finch, Persimmon Group Chief Executive said: “The sale will provide greater choice to FibreNest customers and allows Persimmon to invest further in our growth strategy.”
Persimmon expects the sale to complete within three months.
