CityFibre Fuels UK Broadband Expansion with New Funding and strategic Partnerships
CityFibre, a leading wholesale full-fibre network provider in the UK, is significantly accelerating its expansion plans thanks to a considerable £2.3 billion financing round and a growing roster of key partnerships. This investment positions the company to consolidate its role as a major player in the UK’s evolving broadband landscape,bringing faster,more reliable internet access to homes and businesses nationwide.
A Growing Network & Increasing Customer Base
CityFibre currently serves approximately 730,000 customer connections, and that number is rapidly increasing. The company attributes this growth to its attractive wholesale offerings, providing internet service providers (ISPs) with competitive economics, cutting-edge products, and dedicated support. This strategy is clearly resonating with ISPs, as evidenced by recent developments.
Sky Broadband Joins the CityFibre Network
In July 2025, Sky launched broadband services over CityFibre’s nationwide full-fibre network. This is a significant win for CityFibre, as Sky Broadband boasts a customer base of 6.7 million across the UK and Ireland. Previously, Sky relied on BT’s Openreach for its UK broadband delivery. Now, Sky customers will benefit from CityFibre’s advanced infrastructure.
Boosting Speeds with Next-Generation Technology
CityFibre isn’t just expanding its reach; it’s also enhancing its capabilities. The company recently introduced a 5.5Gbps wholesale product, doubling previous speeds. This commitment to innovation allows your ISP to offer you, the consumer, faster and more reliable internet experiences.
Securing the Future: A £2.3 Billion Investment
The recently secured £2.3 billion in financing is a game-changer for CityFibre. The funding breaks down as follows:
* £500 million: New equity investment from existing shareholders, including Goldman Sachs Alternatives, Antin Infrastructure Partners, mubadala Investment Company, and Interogo Holding.
* £960 million: Expansion of existing debt facilities.
* £800 million: Accordion facility for future acquisitions of full-fibre network assets.
this financial firepower will enable CityFibre to aggressively pursue market consolidation, acquiring assets and expanding its network footprint.
Strategic Acquisitions & Integrations
CityFibre is actively strengthening its position through strategic acquisitions. Recent moves include:
* Lit fibre: Successfully integrated this ISP business.
* Connexin’s Full-Fibre Infrastructure: Acquired Connexin’s infrastructure to further expand network coverage.
* Gigafast+: Launched full-fibre services across its network.
These acquisitions demonstrate CityFibre’s commitment to becoming a dominant force in the UK full-fibre market.
What This Means for You
As CityFibre continues to grow,you can expect:
* increased Competition: More ISPs utilizing CityFibre’s network will drive competition,perhaps leading to better deals and service options.
* Faster Speeds: Access to cutting-edge full-fibre technology will deliver significantly faster and more reliable internet speeds.
* Wider Availability: Expansion of the network will bring full-fibre connectivity to more areas across the UK.
Looking Ahead
“Our rate of customer growth has real momentum,” says CityFibre CEO Simon Holden.”We are proving the strength of CityFibre’s wholesale business model as we reach an inflexion point,with our recent financing providing the firepower to significantly expand our reach.”
CityFibre is well-positioned to capitalize on the growing demand for full-fibre broadband in the UK. By focusing on strategic partnerships, technological innovation, and aggressive expansion, the company is poised to transform the digital infrastructure landscape for businesses and consumers alike.