Published by Global Banking & Finance Review®
Posted on July 14, 2025
1 min readLast updated: January 22, 2026
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CityFibre secures $3 billion to expand its broadband network and acquire smaller rivals, enhancing UK infrastructure.
LONDON (Reuters) -British fibre broadband network CityFibre said on Monday it had agreed 2.26 billion pounds ($3.04 billion) of finance from its shareholders and existing lenders to fund network investment and acquire smaller rivals.
Shareholders Infrastructure at Goldman Sachs Alternatives, Antin Infrastructure Partners, Mubadala Investment Company and Interogo Holding would provide 500 million pounds in new equity, it said, alongside a 960 million pound expansion of its existing debt facilities.
It said it had also agreed a further 800 million pound loan facility to fund acquisitions as it drives consolidation.
CityFibre, which operates Britain's third largest broadband network after BT and Virgin Media O2, said the new financing would "supercharge" its next phase of growth.
($1 = 0.7430 pounds)
(Reporting by Paul Sandle; editing by Sarah Young)
CityFibre has secured 2.26 billion pounds ($3.04 billion) from its shareholders and existing lenders.
The main shareholders providing funding include Goldman Sachs Alternatives, Antin Infrastructure Partners, Mubadala Investment Company, and Interogo Holding.
The funding will be used to invest in network expansion and to support acquisitions as CityFibre drives consolidation in the market.
CityFibre operates Britain's third largest broadband network, following BT and Virgin Media O2.
CityFibre aims to 'supercharge' its next phase of growth with the new financing.
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