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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

Drew Clark is the Editor and Publisher of BroadbandBreakfast.com and a nationally-respected telecommunications attorney at The CommLaw Group. He has closely tracked the trends in and mechanics of digital infrastructure for 20 years, and has helped fiber-based and fixed wireless providers navigate coverage, identify markets, broker infrastructure, and operate in the public right of way. The articles and posts on Broadband Breakfast and affiliated social media, including the BroadbandCensus Twitter feed, are not legal advice or legal services, do not constitute the creation of an attorney-client privilege, and represent the views of their respective authors.

Broadband Roundup

OneWeb Air Force Contract, Municipal Broadband Support, N.C. Bill To Force Electric Co-ops To Pay More

Air Force signs with OneWeb, few Americans want muni build ban, N.C. bill wants electrical co-ops paying for ISP-ready poles.

Benjamin Kahn

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on

Photo of North Carolina Senator Kevin Corbin

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

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Broadband Roundup

Boost Bundles TeleHealth, $100M For South Dakota Broadband, Frequencz Gets Financing

Boost is bundling telehealth services, South Dakota planning $100 million for broadband, Frequencz gets $4 million in capital.

Benjamin Kahn

Published

on

South Dakota Governor Kristi Noem

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

NY Sued Over Low-Cost Internet, Apple Antitrust Allegations, CETF Concludes Surveys, 5G Device Growth

New York sued over $15 internet, Apple faces EU antitrust allegations, California surveys conclude, and 5G device adoption grows.

Benjamin Kahn

Published

on

New York faces backlash from telcos over new bill that establishes low-tier service.

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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