CityFibre has secured a £1.12bn ($1.42bn) debt package to fund the first phase of its full fibre deployment across the UK. CityFibre’s strategy is focused on cities and towns outside London. Seven European banks have backed the deal, which is the largest debt financing package to fund full fibre infrastructure in the UK’s history. The deal will see CityFibre deploy up to 1Gbps speeds on all parts of the UK by 2021, with plans for further expansion into new areas such as London and Birmingham.
CityFibre has secured a £1.12bn ($1.42bn) debt package to fund the first phase of its full fibre deployment across the UK. Seven European banks have backed the deal, which is the largest debt financing package to fund full fibre infrastructure in the UK’s history. The deal will see CityFibre deploy up to 1Gbps speeds on all parts of the UK by 2021, with plans for further expansion into new areas such as London and Birmingham.