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Evening Standard
Evening Standard
Henry Saker-Clark

Openreach challenger CityFibre secures £2.3bn financing deal

CityFibre Openreach

Broadband network firm CityFibre has struck a £2.3 billion financing deal in a bid to shore up its finances and drive further growth.

The fibre broadband specialist, which is seeking to challenge BT’s Openreach, said the deal would include £500 million in new funding from existing shareholders, such as Goldman Sachs and Abu Dhabi’s sovereign investment fund Mubadala.

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