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CityFibre to raise GBP 200 mln for expansion, FTTH launch

2017-07-05 09:34:00| Telecompaper Headlines

(Telecompaper) UK operator CityFibre is planning to place GBP 200 million in a share offering to further its network expansion plans. The company will sell GBP 185 million worth of shares at 55 pence each, underwritten by Citigroup, finnCap, Liberum and Macquarie, and raise another GBP 15 million through a non-underwritten offering. With the money, CityFibre will boost its infrastructure and continue putting its focus on wholesale fibre services, namely with the acquisition of business ISP Entanet, for GBP 29 million in cash.

Tags: expansion raise launch gbp

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