ASK4 acquires ClearFibre from Elevate

ClearFibre is departing from the Elevate group since it has been acquired by ASK4. 

ASK4 is best known for delivering broadband to properties in the Purpose-Built Student Accommodation (PBSA), Build-to-Rent (BTR), co-living, and Later Living sectors. Therefore the acquisition of ClearFibre is a neat fit since ClearFibre was dealing with a similar residential apartment based segment.

We’re proud to welcome ClearFibre into the ASK4 Group. This acquisition, our first under GI Partner’s ownership, strengthens our ability to support the Build-to-Rent sector with deeper expertise, enhanced networks for critical building systems and an unwavering focus on resident experience. Our priority is to ensure a seamless transition for ClearFibre’s customers, who will continue to receive the high standard of service they have come to expect

Jon Thornhill, Group Strategy Director of ASK4

This transaction marks a positive step forward for both businesses. ClearFibre’s focus on high-quality consumer broadband makes it a strong strategic fit for ASK4, who are well equipped to support its next phase of growth. At the same time, the deal allows Elevate to further focus on delivering reliable, high-performance connectivity and managed services to business customers throughout the UK. Gresham House’s investment in Elevate sits within our digital inclusion investment subsector, focusing on infrastructure that aims to provide better access, connectivity and increase productivity for all parts of society.

Chris Coulton, Deputy Head of Portfolio, Sustainable Infrastructure, at Gresham House

No immediate change for those who live in a property served by ClearFibre but people can expect a gradual alignment with the ASK4 brand in the coming year.

The acquisition is just ClearFibre as far as we can see, the other brand Elevate which is WeFibre who have a mixture of more traditional rural and urban fibre to the premises footprint are at least for now remaining with Elevate.