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Market Watch

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Recently, CityFibre has addressed rumors surrounding a potential sale of the company to its rival, Virgin Media O2 (VMO2). Market Watch

CityFibre recently dismissed rumors of a potential sale to rival Virgin Media O2, highlighting the company’s commitment to expansion in the fibre network sector. Despite financial pressures and a current debt of £3.9 billion, CityFibre remains focused on its goal to connect 8 million homes by 2025. The company is actively seeking £1 billion in additional funding to support growth and the acquisition of smaller networks. CityFibre underscores its strong market position and expects to announce new financing details soon, solidifying its leadership in the fibre network space.