Fibre-optic network builder Cityfibre has de-listed from AIM, the LSE market for smaller companies, as Bidco completes acquisition of it. The company said it had been unable to find a buyer and was now looking at other options including selling its stake in the company. Cityfibre’s network already has a presence in more than 50 UK cities and large towns, plus several deployments, including a project with TalkTalk and Sky Broadband covering York.
Fibre-optic network builder Cityfibre has de-listed from AIM, the LSE market for smaller companies, as Bidco completes acquisition of it. Bidco, a newly incorporated company, aims to provide Cityfibre with funding to support and accelerate its national deployment of Fibre-to-the-Premises to at least 20% of the UK. Cityfibre’s network already has a presence in more than 50 UK cities and large towns, plus several deployments, including a project with TalkTalk and Sky Broadband covering York.