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CityFibre has £200 million expansion plans

Created July 6, 2017

UK fibre infrastructure provider CityFibre Infrastructure Holdings is aiming to raise a further £200 million in funding via a share sale to finance the growth of its network in the UK.

Among CityFibre’s goals are:

  • The expansion of CityFibre’s fibre metro networks from 42 UK towns and cities today to not less than 50 towns and cities by 2020
  • The commencement of construction of FTTH facilities, addressing the residential market, in five to ten UK towns and cities during 2018
  • In support of the company’s strategy to focus on wholesale fibre services and accelerate the commercialisation of CityFibre’s fibre assets, the acquisition of Entanet International Limited, a provider of wholesale communications services, for a consideration of £29 million in cash.

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