As Funding Deal Looms, CityFibre Says Talk of Sale to VMO2 Unfounded

CityFibre moves to quell sales rumour

News The fibre network operator insists that its growth plans remain on track, despite reports that the company’s backers are exploring a potential sale CityFIbre are downplaying reports this week that suggested the company’s investors are in talks to sell the business to one of the company’s biggest rivals, Virgin Media O2 (VMO2). Yesterday, a report from The Telegraph said that two of CityFibre’s major backers – Mubadala and Goldman Sachs – ha…

As Funding Deal Looms, CityFibre Says Talk of Sale to VMO2 Unfounded

Network operator CityFibre, which has so far deployed their gigabit-capable full fibre broadband (FTTP) lines to cover 4.3 million UK premises (RFS), have said that recent newspaper “speculation” around the possibility of the business being acquired by Virgin Media (O2) are “unfounded“. The operator added that they were now close to securing a much-needed financing deal. Just to recap. CityFibre currently still aspires to cover up to 8 million U…