Advanced Television

CityFibre

CityFibre raising £900m in new funding

CityFibre, the UK altnet which has already built fibre lines to cover some 4.7 million UK premises, is working with shareholders to raise £900 million in new equity funding to boost their network expansion and consolidation strategy. It follows a £1.5 billion refinancing completed in 2025. The operator, which currently has over 1 million connected […]

July 31, 2026

CityFibre hits 1m connections

CityFibre, the independent full fibre platform, has announced that it has connected over 1 million premises to its multi-gig, full fibre network across the UK. Over the past ten years, CityFibre has built full fibre digital infrastructure that now reaches nearly 5 million premises, delivering multi-gig speeds and much-needed competition. As the UK’s largest independent […]

June 4, 2026

Report: UK broadband market flat

The UK broadband market remained relatively flat in Q4 2025, adding 14,000 subscribers to make a total broadband base of 28.96 million connections, according to Point Topic. Full fibre (FTTP) adoption surged ahead at its fastest rate since nationwide rollouts began, climbin to 81.3 per cent of premises, with multi-network overbuild increasing sharply, and FTTP […]

April 2, 2026

CityFibre agrees £2.3bn financing round

CityFibre, the UK’s independent full fibre platform, has reached agreement with its shareholders and existing lenders on a major £2.3 billion (€2.6bn) financing round, accelerating its next phase of growth. The financing includes £500 million in new equity secured from CityFibre shareholders, Infrastructure at Goldman Sachs Alternatives, Antin Infrastructure Partners, Mubadala Investment Company and Interogo […]

July 14, 2025

CityFibre acquires Connexin’s full fibre infrastructure

CityFibre, the UK independent full fibre platform, has announced the acquisition of Connexin’s full fibre infrastructure, establishing a material foothold across Hull and East Riding and enabling the expansion of CityFibre’s footprint by up to 185,000 premises. The agreement will see Connexin’s shareholder, Patrizia’s European Infrastructure Fund II, become a minority shareholder in CityFibre. The […]

March 24, 2025

CityFibre achieves profitability

CityFibre has reported record revenues and its first year of profitability. The UK fibre broadband player delivered a record 34 per cent increase in revenue to £134 million in 2024. Consumer revenues increased by 73 per cent, and djusted EBITDA stood at £5 million. The company added over 181,000 net new customers, reaching 518,000 total […]

February 12, 2025

Sky, CityFibre partnership

CityFibre, the UK’s independent full fibre platform, has  announced a long-term partnership with Sky, one of the biggest broadband providers in the UK. The new agreement will see Sky offering its broadband to people on CityFibre’s nationwide full fibre network. Sky’s Full Fibre Broadband is expected to be available on CityFibre’s full fibre network from […]

August 20, 2024

Broadband boost for UK regions

Homes and businesses in southern and eastern parts of England are set to benefit from new highspeed broadband connections backed by almost £320 million (€373m) of UK government investment. People living and working in rural parts of Norfolk, Suffolk and Hampshire are set to have their ability to bank online, conduct business, shop, communicate and […]

July 4, 2023By Colin Mann

VM02 mulls CityFibre bid

UK multiplay operator Virgin Media O2 (VMO2) is reported to be considering a £3 billion (€3.4bn) takeover bid for full fibre altnet CityFibre. Mike Fries, chief executive of VMO2 parent company Liberty Global, is said to have held initial talks with Greg Mesch, Chief Executive Officer at CityFibre. By 2025 CityFibre’s rollout is set to […]

March 20, 2023By Colin Mann

CityFibre, toob partnership

CityFibre, the UK’s independent full fibre platform, has signed an agreement with toob, a full fibre network builder and broadband provider based in the South of England, enabling them to extend their broadband retail proposition across CityFibre’s national footprint. The agreement will enable toob to extend its market reach, launching its ultra-fast services over CityFibre’s […]

November 23, 2022