ARVR

CityFibre secures £1.1bn funding for full fibre rollout



CityFibre has raised £1.125 billion to bankroll its rollout of full fibre networks to more than eight million homes and businesses across the UK.

Mubadala, the Abu Dhabi sovereign wealth fund, and Interogo Holdings, a Swiss-based investment group that owns Ikea’s intellectual property, have paid a combined £825 million for a stake in the business, which has secured an additional £300 million banking facility.



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.