CityFibre Shareholders Aim to Raise £900m to Boost UK FTTP Broadband Consolidation

CityFibre Said to Raise £900 Million to Challenge BT’s Openreach

CityFibre Ltd., the UK’s largest independent fiber challenger to incumbent BT Group Plc’s Openreach, is set to raise £900 million ($1.2 billion) from its shareholders, according to a person familiar with the matter.

UK’s CityFibre reaches for £900m war chest for renewed M&A

UK fibre altnet said to secure further investor backing in bid to retain largest challenger status ahead of nexfibre–Netomnia and put it back in the consolidation game, taking further funding firmed up since 2025 to £3.2bn, and eight million-premises footprint still the target.

CityFibre Shareholders Aim to Raise £900m to Boost UK FTTP Broadband Consolidation

The largest alternative full fibre broadband network in the United Kingdom, CityFibre, which has already built their fibre lines to cover 4.7 million UK premises (with 1m customers connected), is reportedly working with shareholders to raise around £900m to boost their future network expansion and consolidation strategy. The operator has so far had a bit of a mixed year. On the one hand the take-up of their network has been given a significant b…