FIBRECITY has released details of its management buyout and said it would reveal its strategy in “the next few weeks”.

The broadband firm is part way through a project in Bournemouth but suddenly stopped work in October.

Council staff met directors last week to urge a restart and the repair of 107 partly dug roads in Boscombe, Winton and Moordown.

The i3 Group announced it completed the sale of its UK subsidiaries, including Fibrecity Holdings, on Thursday, January 13.

The buyout consortium is led by Greg Mesch, the former president and chief operating officer of i3 Group.

The new company is called City Fibre Holdings.

An i3 Group spokesman said: “The management team has extensive experience of building highly successful fibre-optic based, next-generation networks including involvement in founding Esat Telecom and Verastel Telecom.

“City Fibre Holdings’ strategy will be revealed over the coming weeks.”

Fibrecity is laying superfast broadband cables for free in the expectation that people will use its services in the future.

Its projects in both Bournemouth and Dundee have stalled and contractors told the Daily Echo not enough people were signing up.

A recently leaked Bournemouth council email said contractors were still owed money and that Fibrecity’s marketing teams were not telling other councils about the problems.

Cllr Michael Filer, cabinet member for transport, said: “I met Mr Mesch several months ago and I was very impressed. He has a background in big business and is extremely technical.

“From what I hear of the buyout, it’s been a long process, and I am of the opinion that the company will now get back to developing their links in Bournemouth.

“They have spent many millions under the ground, and they want Bournemouth to be their flagship for the rest of the country.”