Greg Mesch
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UK operator CityFibre has enough money to connect eight million homes to fibre, the company said after raising £4.9 billion debt. -
CityFibre shareholder Mubadala Investment Company has committed a further £300m in equity to support its participation in Building Digital UK’s (BDUK) ‘Project Gigabit’ rural programme.
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Vodafone is claiming that a new deal with CityFibre will make it the biggest full fibre provider in the UK.
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UK-based infrastructure company CityFibre has exceeded its plans, leaked in May, to raise £1 billion.
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CityFibre is reportedly closing in on sale a £1 billion stake in its business, to help fund an expansion of its fibre rollout plans.
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UK digital infrastructure provider CityFibre has won a multi-million-pound contract by Three to connect an additional 1,300 mobile masts across 59 towns and cities.
Forthcoming events
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CityFibre has confirmed the acquisition of FibreNation from TalkTalk Group for £200 million.
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CityFibre is attempting to restructure its exclusive partnership agreement with that gives Vodafone exclusive rights to sell broadband on its first million full-fibre lines.
