CityFibre
UK full-fibre broadband network builder.
CityFibre described a proposed £900m equity commitment on 6 October 2026 as it prepared for network acquisitions. CityFibre continued lender talks alongside that commitment.
Last refreshed: 22 October 2026 · Appears in 1 active topic
Timeline for CityFibre
Raised a $1.2bn growth round
UK Startups and Innovation: UK startups raise $6.1bn in Q3, below Dealroom's paceBackground
CityFibre builds and operates full-fibre broadband infrastructure in the United Kingdom. Established in 2011, the London-based company runs an open-access network used by internet service providers. Its infrastructure serves residential customers, businesses, mobile operators and public-sector organisations across cities, towns and villages. [CityFibre](https://CityFibre.com/about-us)
The wholesale model separates the network from the customer's broadband contract. CityFibre manages the fibre infrastructure, while the retail provider manages the service and holds the customer's account. Several providers can therefore sell connections using the same underlying network. For CityFibre, expanding the network and increasing take-up are distinct tasks: a property within reach of fibre becomes a customer connection only when service is taken. [How CityFibre works](https://CityFibre.com/about-us)
CityFibre prepares for network acquisitions
On 6 October 2026, CityFibre linked its acquisition plans to a £900m shareholder equity commitment proposed in August. The wholesale network operator reported continuing discussions with lenders. For its expansion plans, the distinction matters: proposed shareholder support and ongoing lender negotiations are separate from a completed financing package. [CityFibre trading update](https://CityFibre.com/news/CityFibre-delivering-strong-underlying-performance-as-it-moves-to-strengthen-its-capital-structure-and-prepares-for-acquisition-drive-2)
In the same October update, CityFibre reported more than one million customer connections. Its financing also appeared as a $1.2bn round in Dealroom's third-quarter UK investment totals. That classification makes CityFibre a large contributor to The National total, but does not establish that every part of its capital plan had closed.
What funding did CityFibre describe in October 2026?
How many connections did CityFibre report?
What does CityFibre want to use new capital for?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 October 2026. Editorial standards.