Acuity advises Zzoomm on its merger with FullFibre to form one of UK’s largest Altnets with 600k+ ready-to-serve properties and over 70,000 customers

Zzoomm, an established and rapidly growing full fibre business operator, has agreed to merge with FullFibre, a wholesale full fibre network provider, along with its in-house ISP retail company, BeFibre.

The enlarged group will have one of the largest full fibre footprints with some 600,000 properties ready for service and over 70,000 customers, and will also be well positioned for further M&A.

The merged business will be able to accelerate growth, enhance operational efficiency and lead on further M&A across the fragmented Altnet sector.

Matthew Hare, CEO of Zzoomm, will become Executive Chairman and James Warner, CEO of FullFibre, will be Group CEO.

Matthew Hare, CEO of ZZoomm commented:

“We appointed Acuity to support us sourcing, evaluating and executing the best possible merger transaction and I am delighted with the outcome. The Acuity team showed great sector insight and commitment to the process, as well as providing valuable commercial advice. Marcus was heavily involved at every step of the process and his team gave us great support with the significant and complex work needed to make this merger happen.”

Marcus Allchurch, Managing Partner at Acuity said:

“The merger between Zzoomm and FullFibre brings together two of the UK’s leading Altnets and I am delighted to see the sector’s consolidation kicking off with the creation of such a fantastic platform, with an exceptional leadership team, great investors and a foundation for further combinations.

The Acuity team is proud to have advised Zzoomm in this transaction, which is another demonstration of our industry leading position in the UK fibre market. I look forward to watching Matthew, James and the team deliver their exciting plan, and to supporting the sector further as it continues to consolidate over the coming years.”