Capacity Media reports that UK-based infrastructure company CityFibre has raised a total of £1.125 billion with the help of two new investors, Mubadala Investment Co and Interogo Holding, through extending its bank facilities by £300 million.

The CEO enthused that this new capital would enable CityFibre’s participation in the Government’s ‘Project Gigabit’ programme to extend their future-proofed infrastructure to rural areas. CityFibre is now the third largest fibre infrastructure provider in the UK, behind Openreach and Virgin Media O2.

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Capacity Media - CityFibre raises £1.125bn to expand UK fibre rollout