CityFibre Secures £2.3bn Investment for UK Full Fibre Expansion
CityFibre, the UK’s largest independent full fibre platform, has finalized a significant £2.3bn financing deal with key shareholders and lenders to propel its growth phase. The investment includes £500m in fresh equity and a committed £960m for network expansion. With an additional £800m facility for acquisitions, CityFibre aims to bolster its full fibre infrastructure across the UK. CEO Greg Mesch expressed confidence in the company’s future plans as this investment paves the way for enhanced digital connectivity and economic growth. This development aligns with the UK government’s focus on boosting digital infrastructure for long-term economic prosperity.
