CityFibre Infrastructure Holdings

finnCap have advised CityFibre Infrastructure Holdings on their £30m placing.

Greg Mesch, CEO of CityFibre said:

“We are delighted with the strong response from both new and existing institutional shareholders to the Placing so soon after our successful listing on AIM. The fundraising will further strengthen our balance sheet and help CityFibre deliver ultrafast pure fibre networks across the UK and accelerate many of the near term opportunities we are currently pursuing.

Since admission to AIM, we have already started to capitalise on a number significant projects. Our recently announced joint venture with BSkyB and TalkTalk illustrates the ground breaking nature of our operating model. In addition, the ongoing discussions with over 25 city councils across the UK and with leading mobile operators underpin our ongoing confidence in the Group.

We look forward to updating both the market and our shareholders on our progress over the coming months.”