Zzoomm & FullFibre complete merger, creating one of the UK’s largest Altnets

FullFibre, a wholesale full fibre network provider along with its in-house ISP retail company, BeFibre, and The merger between Zzoomm and FullFibre is now officially complete, following all necessary regulatory approvals.

This is a significant milestone in expanding full fibre connectivity across the UK, strengthening the group’s ability to scale rapidly, enhance operational efficiencies, and drive further investment in its network.

The combined group now serves over 70,000 customers and has a full fibre network covering 600,000 properties ready for service – making it one of the largest Altnets in the UK.

With increased scale, the business is in a stronger position to:

• Accelerate growth across its consumer brands and wholesale network
• Maximise operational and financial efficiencies through economies of scale
• Secure investment to further enhance infrastructure and expand coverage
• Lead future M&A activity, supporting further consolidation in the fragmented UK Altnet sector

As one of the largest alternative network providers in the UK, the group is well-positioned to support the nation’s digital transformation, delivering high-quality full fibre connectivity to homes, businesses, and wholesale partners across the country.

Note to editors

Note to editors

Zzoomm
Zzoomm (www.zzoommgroup.com) is an established and rapidly growing full fibre network operator, providing Fibre to the Premises (FTTP) to underserved market towns where there is minimal or no existing access to a full fibre network.

Zzoomm is now operating across 29 market towns and small urban communities in England and as a standout challenger brand is synonymous with excellent customer service, quality of service and product reliability. Zzoomm has more than 30,000 contracted customers and more than 200,000 ready for service properties

Zzoomm, which is backed by funds managed and advised by Oaktree Capital Management, L.P., is headquartered in Oxford.

FullFibre

FullFibre (www.fullfibre.co) is a wholesale network operator with 400,000 ready for service premises providing Fibre To The Premises (FTTP) services through a growing list of ISP partners, including its own in-house ISP BeFibre (Be-fibre.co.uk).

FullFibre operates across 81 market towns and small urban communities in England. The company is known for building high quality capital efficient networks on an open access basis, providing consumer choice into underserved market towns.

FullFibre, which is backed by funds managed and advised by Basalt Infrastructure Partners LLP, is headquartered in Exeter.

Basalt Infrastructure Partners

Basalt Infrastructure Partners LLP (“Basalt”) is investment adviser to certain infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and digital infrastructure in North America and Europe. Current investments by the Basalt funds in Europe include Wightlink, Mareccio Energia, Caronte & Tourist, Manx Telecom, Connect Fibre, Unilode, Goetel, Freya LNG, Nobina, Reconor Group and Vanadis LNG.

For more information, please visit www.basaltinfra.com

Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $205 billion in assets under management as of September 30, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.