September 17 - 10:09
British fibre broadband company CityFibre secures $1.55bn
British telco CityFibre has raised $1.55 billion to support the rollout of its fibre network across the UK and challenge BT. The company has obtained £825m from Abu Dhabi sovereign wealth fund Mubadala and investment fund Interogo. CityFibre said it will use the funds to reach its target of providing fibre to eight million homes across 285 cities, towns and villages across the UK.
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