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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Mubadala of UAE to invest $395m in UK’s CityFibre

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.
By TRENDS Desk
March 20, 2022 10:50 pm
  • 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

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.

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