Mubadala of the UAE will invest $395 million into CityFibre, Britain’s biggest independent provider of full-fiber broadband infrastructure, according to media reports.
The investment aims to speed up the rollout of CityFibre’s full-fiber lines across the UK. An official announcement from Mubadala or CityFibre could come as early as Monday.
With this new investment from the Middle East, the total amount of equity raised by CityFibre in the last six months has reached $1.85 billion, touted to be the UK’s largest-ever capital raising for broadband infrastructure.