One of Canada's biggest pension funds is plotting a bid for a big stake in CityFibre Holdings, the telecoms infrastructure group targeting a £4bn investment programme by 2025
In a statement last month, CityFibre said:"We can confirm that we're exploring a possible expansion of our shareholder base to support the acceleration of our build and possible participation in the BDUK [Building Digital UK] rural programme."CityFibre is chaired by former National Grid boss Steve Holliday, has pledged to invest up to £4bn to deploy a full-fibre network that would reach up to 8m premises by 2025.
The company says that once completed, its network will serve approximately 800,000 businesses, 400,000 public sector sites and 250,000 5G access points. It recently said it was extending its infrastructure to a further 216 towns and villages across the country.The company has agreements with Vodafone, TalkTalk, Zen and a growing number of other internet services providers across the country to sell services over its networks.
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