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Progress could finally be made on the mothballed Fibrecity broadband projects in Bournemouth and Dundee, after CityFibre Holdings completed a restructuring programme.

The firm took over a number of subsidiaries from the i3 Group in January, including H2O Networks, Fibrecity Holdings and Opencity Media, and all assets have now been transferred with the consent of the banks which funded them.

Greg Mesch, Chief Executive Officer of CityFibre Holdings, said this brings a "period of uncertainty" to an end, and means the company is now in a position to restart work on the part-complete 100Mb broadband networks.

"The last few months have been very difficult for all those that have been affected," he stated.

"We hope that this restructure will come as good news for all those that have been impacted by the abrupt halt to works by our predecessors."

Mr Mesch said CityFibre Holdings will develop fibre-to-the-home broadband and also metro-based networks, while "making good" the works left unfinished in Bournemouth.

"We will begin by repairing the network, adding service providers and activating customers - we already have around 20,000 homes that are or can be connected to super-fast fibre in the town," he stated.

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