nexfibre secures £250m from UK Infrastructure Bank

Tue, 18/07/2023 - 11:41
nexfibre

nexfibre has secured a £250m debt investment from UK Infrastructure Bank to support its aim of passing five million homes by 2026.

This investment forms part of nexfibre’s £3.1bn fully underwritten and fully syndicated debt financing, the second largest in the UK digital infrastructure market to date

In addition, nexfibre has secured £1.4bn in equity commitments from joint venture partners InfraVia Capital Partners, Liberty Global and Telefónica.

Bernardo Quinn, CEO at nexfibre said: “This financial stability means we are well placed to deliver on our mission and support the Government’s ambitions to make gigabit broadband available nationwide by 2030.”

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