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Broadband

CityFibre shareholders approve deal with Kcom

Tuesday 12 January 2016 | 17:01 CET | News
UK fibre infrastructure provider CityFibre confirmed that all the resolutions put to shareholders at the General Meeting on 12 January were passed. The Resolutions were required to approve, inter alia, the acquisition of certain national infrastructure assets from Kcom Group for a total consideration of GBP 90 million, as well as an underwritten Placing to raise GBP 80 million. The acquisition is expected to complete on 18 January.

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Categories: Fixed
Companies: CityFibre / Kcom
Countries: United Kingdom
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