On December 18th, 2018, CityFibre put in place a debt package totalling £1.12b GBP . This will be used to fund the first portion of their £2.5bn investment plan, which will see the delivery of full fibre internet connections to around five million UK homes.

The package includes a £775m capex facility, £45m overdraft and working facility and a £300m accordion option, to be used for the deployment of full fibre to two million homes and expand the existing networks in 37 cities.

In what is the largest debt financing package for full fibre rollouts in the UK’s history, Operis were pleased to provide a full model audit and a review of the tax and accounting treatment on CityFibre’s behalf.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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