CityFibre seeks to raise $1.20 billion for acquisitions: Report
British fibre broadband network CityFibre is seeking to raise £900 million ($1.20 billion) from its shareholders to fund further acquisitions, Bloomberg News reported on Thursday citing a person familiar with the matter.
A spokesperson for Britain’s third-largest broadband network said shareholders were proposing a “substantial equity investment” to support M&A, as CityFibre explores the “right capital structure”.
The report said investors providing equity financing include Goldman Sachs Group, Antin Infrastructure Partners SA, Mubadala Investment and Interogo Holding.
