CityFibre secures £1.5bn to £2.3bn financing round
Type: Financing · Technology: Telecom · Country: United Kingdom · Value: GBP 1.5B · Announced: 2026-06-11
CityFibre, the UK's third-largest broadband network and backed by Goldman Sachs, has secured a £1.5 billion to £2.3 billion financing round to strengthen its balance sheet. The funding positions CityFibre as a consolidator rather than a consolidation target amid sector-wide challenges. The company has passed 69% of UK premises with full-fibre broadband and 83% with gigabit-capable networks, funded by over £40 billion in total investment. Despite financial pressures across the altnet sector, CityFibre's scale and financing underscore its strategic position in the market.
Counterparties
- Goldman Sachs (Parent Company)
- CityFibre (Borrower)