CityFibre
It builds and operates full-fibre broadband infrastructure in the UK as an alternative to BT’s Openreach network.
Overview
CityFibre is a UK digital infrastructure company focused on full-fibre broadband networks. Its platform is positioned to compete with BT’s Openreach, targeting the fixed-line connectivity market with alternative fibre infrastructure. The company raised a reported £900 million, or about $1.2 billion, in an undisclosed round in July 2026. The financing underscores investor backing for challengers seeking to expand fibre network capacity and compete with the UK’s incumbent broadband infrastructure provider.
Funding History
CityFibre Said to Raise £900 Million to Challenge BT’s Openreach
CityFibre secured a £4.9 billion debt financing package, refinancing and expanding its prior facilities to support its nationwide fibre rollout.
CityFibre raised £1.125 billion in new equity from Mubadala, Interogo Holding and existing shareholders to accelerate its full-fibre broadband deployment.
CityFibre secured a £1.125 billion debt financing package to fund its UK full-fibre network rollout.
A consortium of Antin Infrastructure Partners and Goldman Sachs' West Street Infrastructure Partners agreed a take-private acquisition of CityFibre valuing the company at approximately £538 million.
CityFibre raised about £200 million via a placing and open offer to support its full-fibre rollout plan following its strategic partnership with Vodafone.
CityFibre raised approximately £80 million through an equity placing to help fund the acquisition of KCOM Group's national network infrastructure assets.
CityFibre raised £16.5 million gross proceeds on its admission to AIM, with the offering valuing the company at about £80 million post-money.
Frequently Asked Questions
- How much funding does AI Funding track for CityFibre?
- AI Funding tracks $11.3B for CityFibre across 8 funding rounds in this database.
- Who are CityFibre's investors?
- CityFibre's investors include Antin Infrastructure Partners, Goldman Sachs West Street Infrastructure Partners, Mubadala Investment Company, Interogo Holding.
- What does CityFibre do?
- CityFibre is a UK digital infrastructure company focused on full-fibre broadband networks. Its platform is positioned to compete with BT’s Openreach, targeting the fixed-line connectivity market with alternative fibre infrastructure. The company raised a reported £900 million, or about $1.2 billion, in an undisclosed round in July 2026. The financing underscores investor backing for challengers seeking to expand fibre network capacity and compete with the UK’s incumbent broadband infrastructure provider.
- Where is CityFibre headquartered?
- CityFibre is headquartered in London, United Kingdom.
Investors
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