LONDON, July 14 (Reuters) - British fibre broadband
network CityFibre said on Monday it had agreed 2.26 billion
pounds ($3.04 billion) of finance from its shareholders and
existing lenders to fund network investment and acquire smaller
rivals.
Shareholders Infrastructure at Goldman Sachs Alternatives
, Antin Infrastructure Partners, Mubadala
Investment Company and Interogo Holding would provide 500
million pounds in new equity, it said, alongside a 960 million
pound expansion of its existing debt facilities.
It said it had also agreed a further 800 million pound loan
facility to fund acquisitions as it drives consolidation.
CityFibre, which operates Britain's third largest broadband
network after BT and Virgin Media O2 ,
said the new financing would "supercharge" its next phase of
growth.
($1 = 0.7430 pounds)