US EditionOpenreach challenger CityFibre secures £2.3bn financing deal
- CityFibre has secured a £2.3 billion financing deal to enhance its finances and support growth efforts as it challenges BT's Openreach.
- The deal includes £500 million from shareholders like Goldman Sachs and the Mubadala fund, alongside expansions in debt facilities of £960 million and £800 million.
- CityFibre reported its first full year of profitability, but noted a material uncertainty for its continued operation without further funding.
- Chancellor Rachel Reeves noted that this investment shows Britain is attracting billions of pounds, which is essential for the economy's future.
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CityFibre Secures £2.3 Billion in New Funding to Drive Next Phase of UK Digital Infrastructure Growth
14 July 2025 | London – CityFibre, the UK’s largest independent full fibre platform, has... The post CityFibre Secures £2.3 Billion in New Funding to Drive Next Phase of UK Digital Infrastructure Growth appeared first on UK Tech News.
CityFibre secures £2.3bn in funding to fuel broadband network expansion
Press Release CityFibre, the UK’s largest independent full fibre platform, has reached agreement with its shareholders and existing lenders on a major £2.3bn financing round, accelerating its next phase of growth. The financing includes £500m in new equity secured from CityFibre shareholders, Infrastructure at Goldman Sachs Alternatives, Antin Infrastructure Partners, Mubadala Investment Company and Interogo Holding, underscoring their continued…
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Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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