BT has secured a £ 1.12bn ( $ 1.42bn ) debt package to fund the first phase of its full fibre deployment across the UK . Major European banks have backed the deal , which is the largest debt financing package to fund full fibre infrastructure in the UK ’s history . Proceeds from this infrastructure debt package will be used to fund the first part of CityFibre’s The company ’s access to the debt market is an important factor in the development of a large - scale , open - access platform .
BT has secured a £ 1.12bn ( $ 1.42bn ) debt package to fund the first phase of its full fibre deployment across the UK . Major European banks have backed the deal , which is the largest debt financing package to fund full fibre infrastructure in the UK ’s history . The company ’s access to the debt market is an important factor in the development of a large - scale , open - access platform .