UK’s CityFibre secures $3 bln to invest in network , M&A

LONDON: 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.