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CityFibre Gains on Competitors in U.K. with Aggressive New Investment in Open Access Model

Drew Clark

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BROADBAND BREAKFAST INSIGHT: Major new expansion by wholesale infrastructure provider CityFibre in U.K., giving more credence to the “open access” model that is beginning to be deployed globally. Under such a model, one entity owns the fiber infrastructure, with another selling retail internet access services to customers. Frequently, there is yet another entity that provider network operation services to the infrastructure owners.  a second entity operates the gigabit network, and a third entity sells retail internet access to customers. In the U.K., CityFibre is aggressively gaining on the BT spinoff Openreach. ||

‘Gigabit‎ Cities’ builder to double market value in £200m deal: The AIM-listed telecoms group will unveil the share sale before the stock market opens on Wednesday, Sky News learns:

A telecoms infrastructure group positioning itsel‎f as a rival to BT’s Openreach division will announce on Wednesday that it is doubling its market value through an ambitious share sale.

Sky News has learnt that CityFibre, which is listed on London’s junior AIM stock market, will say that it is raising up to £200m through a placing of equity with new and existing investors.

The capital-raising will be backed by Woodford Investment Management, the vehicle founded by Neil Woodford, arguably Britain’s best-known fund manager.

Sources said on Tuesday that the share sale would signal an aggressive expansion by CityFibre of its fibre-to-the-home initiative across the UK.

[more…]

Source: ‘Gigabit‎ Cities’ builder to double market value in £200m deal

Broadband Roundup

Broadband Speed Definition, Boom in Fiber Deployment, $7.6 Billion in New Stimulus Bill

Tim White

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on

Photo of Colorado Sen. Michael Bennet from Wikipedia

BROADBAND BREAKFAST INSIGHT: Major new expansion by wholesale infrastructure provider CityFibre in U.K., giving more credence to the “open access” model that is beginning to be deployed globally. Under such a model, one entity owns the fiber infrastructure, with another selling retail internet access services to customers. Frequently, there is yet another entity that provider network operation services to the infrastructure owners.  a second entity operates the gigabit network, and a third entity sells retail internet access to customers. In the U.K., CityFibre is aggressively gaining on the BT spinoff Openreach. ||

‘Gigabit‎ Cities’ builder to double market value in £200m deal: The AIM-listed telecoms group will unveil the share sale before the stock market opens on Wednesday, Sky News learns:

A telecoms infrastructure group positioning itsel‎f as a rival to BT’s Openreach division will announce on Wednesday that it is doubling its market value through an ambitious share sale.

Sky News has learnt that CityFibre, which is listed on London’s junior AIM stock market, will say that it is raising up to £200m through a placing of equity with new and existing investors.

The capital-raising will be backed by Woodford Investment Management, the vehicle founded by Neil Woodford, arguably Britain’s best-known fund manager.

Sources said on Tuesday that the share sale would signal an aggressive expansion by CityFibre of its fibre-to-the-home initiative across the UK.

[more…]

Source: ‘Gigabit‎ Cities’ builder to double market value in £200m deal

Continue Reading

Broadband Roundup

INCOMPAS Adds Directors, Colorado Floats $600 Internet Subsidy, Microsoft Holograms Meetings

Derek Shumway

Published

on

Screenshot of CEO Ken Williams from Allied Telecom video

BROADBAND BREAKFAST INSIGHT: Major new expansion by wholesale infrastructure provider CityFibre in U.K., giving more credence to the “open access” model that is beginning to be deployed globally. Under such a model, one entity owns the fiber infrastructure, with another selling retail internet access services to customers. Frequently, there is yet another entity that provider network operation services to the infrastructure owners.  a second entity operates the gigabit network, and a third entity sells retail internet access to customers. In the U.K., CityFibre is aggressively gaining on the BT spinoff Openreach. ||

‘Gigabit‎ Cities’ builder to double market value in £200m deal: The AIM-listed telecoms group will unveil the share sale before the stock market opens on Wednesday, Sky News learns:

A telecoms infrastructure group positioning itsel‎f as a rival to BT’s Openreach division will announce on Wednesday that it is doubling its market value through an ambitious share sale.

Sky News has learnt that CityFibre, which is listed on London’s junior AIM stock market, will say that it is raising up to £200m through a placing of equity with new and existing investors.

The capital-raising will be backed by Woodford Investment Management, the vehicle founded by Neil Woodford, arguably Britain’s best-known fund manager.

Sources said on Tuesday that the share sale would signal an aggressive expansion by CityFibre of its fibre-to-the-home initiative across the UK.

[more…]

Source: ‘Gigabit‎ Cities’ builder to double market value in £200m deal

Continue Reading

Broadband Roundup

Investment for Lit Communities’ Fiber Networks, Clubhouse Hack, Senate Broadband Letter, WISPA

Samuel Triginelli

Published

on

Photo of CEO Brian Snider from Lit Communities

BROADBAND BREAKFAST INSIGHT: Major new expansion by wholesale infrastructure provider CityFibre in U.K., giving more credence to the “open access” model that is beginning to be deployed globally. Under such a model, one entity owns the fiber infrastructure, with another selling retail internet access services to customers. Frequently, there is yet another entity that provider network operation services to the infrastructure owners.  a second entity operates the gigabit network, and a third entity sells retail internet access to customers. In the U.K., CityFibre is aggressively gaining on the BT spinoff Openreach. ||

‘Gigabit‎ Cities’ builder to double market value in £200m deal: The AIM-listed telecoms group will unveil the share sale before the stock market opens on Wednesday, Sky News learns:

A telecoms infrastructure group positioning itsel‎f as a rival to BT’s Openreach division will announce on Wednesday that it is doubling its market value through an ambitious share sale.

Sky News has learnt that CityFibre, which is listed on London’s junior AIM stock market, will say that it is raising up to £200m through a placing of equity with new and existing investors.

The capital-raising will be backed by Woodford Investment Management, the vehicle founded by Neil Woodford, arguably Britain’s best-known fund manager.

Sources said on Tuesday that the share sale would signal an aggressive expansion by CityFibre of its fibre-to-the-home initiative across the UK.

[more…]

Source: ‘Gigabit‎ Cities’ builder to double market value in £200m deal

Continue Reading

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