CityFibre's take-up rate currently stands at 11%.
Understanding CityFibre's Network Penetration
The take-up rate, also known as penetration rate, indicates the percentage of premises passed by a network that are actively subscribing to its services. For CityFibre, this means that for every 100 homes or businesses where their fiber optic network is available, 11 are currently utilizing a broadband service delivered over their infrastructure.
Despite this take-up rate, which is noted to lag behind the average for other alternative network providers (altnets) in the UK, CityFibre has reported achieving profitability. This highlights a significant milestone for the company in the competitive fiber broadband market.
Key Metrics for CityFibre
A quick overview of CityFibre's current operational status in terms of customer engagement and financial health:
| Metric | Value | Notes |
|---|---|---|
| Take-up Rate | 11% | Percentage of homes passed that subscribe to services. |
| Profitability | Achieved | The company has announced it is now operating profitably. |
| Altnet Comparison | Lags average | Their take-up rate is lower than the average for other altnets. |
Context of the Fiber Broadband Market
The broader fiber sector in the UK is experiencing a period of significant change, with a notable trend towards consolidation. This competitive landscape, characterized by numerous companies building out full-fibre networks, often sees varying success in converting network availability into customer subscriptions. CityFibre's achievement of profitability at an 11% take-up rate demonstrates an effective operational model within this evolving market environment.
