Announced
Completed
Financials
Sources
Tags
Friendly
Minority
Cross Border
Private
Single Bidder
Acquisition
Completed
Private Equity
United Kingdom
ownership & operation of fibre optic network
building
Telecommunications infrastructure
Synopsis
Investment firms Mubadala and Interogo completed an £825m investment in CityFibre, the UK’s largest independent Full Fibre platform. "We’re thrilled to announce the completion of a £1.125bn capital raise, the largest ever secured to support the UK’s Full Fibre future. We also take great pleasure in welcoming Mubadala and Interogo Holding as new investors in this important project. This new capital will not only underpin our rollout to up to 8m homes across 285 cities, towns and villages, but will also enable our participation in the Government’s ‘Project Gigabit’ programme to extend our future-proof infrastructure to rural areas and ensure no one is left behind," Greg Mesch, CityFibre CEO.
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