Abu Dhabi’s Mubadala commits further £300 million to CityFibre

Published: Updated:
Read Mode
100% Font Size
1 min read

Mubadala Investment Co. committed a further £300 million to CityFibre to accelerate its growth plans and enable the fiber network builder to join the UK’s ‘project gigabit’ rural program.

The new equity commitment builds on the Abu Dhabi wealth fund’s initial £500 million investment into CityFibre as part of a wider financing in September 2021, according to a statement.

For all the latest headlines follow our Google News channel online or via the app.

That saw Mubadala and Interogo Holding join investors Antin Infrastructure Partners and the infrastructure business of Goldman Sachs Asset Management.

CityFibre is currently engaged in a £4 billion investment program to roll-out fiber infrastructure to up to 8 million homes by 2025.

Read more:

NBA teams become investment target for Gulf sovereign wealth funds

Buyout firm Ardian to open in Abu Dhabi to tap sovereign wealth

Abu Dhabi’s Mubadala to focus on Asia with eye on China recovery

Top Content Trending