CityFibre has finalized a £2.3bn financing round involving £500m of equity from shareholders and a £960m debt facility expansion. Notable investors include Goldman Sachs, Antin Infrastructure Partners, and Mubadala Investment Company. The funding aims to support the company's growth strategy, enhance network investment, and facilitate acquisition opportunities within the full-fibre sector. An additional accordion facility of £800m will drive efforts in mergers and acquisitions as CityFibre positions itself as a consolidator in the industry. This significant investment is poised to deliver enhanced digital infrastructure across the UK.
This round of financing will supercharge CityFibre's next phase of growth, as we consolidate the altnet sector, accelerate the pace of customer connections and unleash the full power of our market-leading 10Gbps XGS-PON network, for the benefit of all our partners, their customers and for the UK economy.
There is huge opportunity ahead for CityFibre and it is testament to the success of the company that we have such strong backing from our lenders and shareholders.
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