The financing, which is the largest capital raise ever dedicated to Full Fibre deployment in the UK, will support and accelerate CityFibre's rollout to a third of the UK market by 2025.
The capital includes new equity investments from Abu Dhabi's Mubadala Investment Company (Mubadala), one of the world's leading sovereign investors, and Interogo Holding, a foundation-owned investment group, which will join CityFibre's existing investors Antin Infrastructure Partners and the Infrastructure business within Goldman Sachs Asset Management (Goldman Sachs), as minority shareholders.
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Mubadala's investment into CityFibre also marks the first capital deployed under the new infrastructure vertical of the United Arab Emirates – United Kingdom Sovereign Investment Partnership. The partnership, which Mubadala oversees for the UAE and the Office for Investment for the UK, serves as a coordination platform to grow a future-focused investment relationship between the two nations and enable growth, employment, and global competitiveness across priority sectors.
CityFibre has also secured a £300m extension of its existing £820m banking facilities with Crédit Agricole CIB, and National Australia Bank joining the syndicate alongside other major global financial institutions that are demonstrating their continued support, including ABN Amro, Banca IMI, BNP Paribas, Lloyds, NatWest, and Société Générale.
Prime Minister Boris Johnson said: "The Government is committed to making high-speed broadband available for every part of the UK, and this exciting investment will turbocharge the UK’s full-fibre rollout. It will revolutionise people's lives and generate huge economic benefits, jobs and growth.
"The UK is open for business and attracting investments like this as a high-value, high-growth science superpower, specialising in industries of the future."
