Community Fibre raises GBP 50 mln, names Oxby as CEO

News Broadband United Kingdom 16 JUL 2019
Community Fibre raises GBP 50 mln, names Oxby as CEO

London operator Community Fibre said it's raised another GBP 50 million in funding from its two institutional investors, RPMI and Amber Infrastructure. With over 70,000 London homes passed to date, the additional investment will enable Community Fibre to expedite its  capital-wide growth strategy. In addition, Community Fibre announced the appointment of Graeme Oxby as its new CEO

The operator last raised money in April 2018, with a GBP 25 million investment. It is already laying the groundwork for further expansion, with signed wayleaves with eight borough councils and nine housing associations, including half of London’s top ten landlords. 

In addition, Community Fibre announced the appointment of Graeme Oxby as its new CEO, to start in August. He has over 25 years of telecommunications experience gained with Cable & Wireless, 3 UK, Virgin Media, and more recently as MD of European Mobile at Liberty Global and CEO at Lebara.  

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Fixed

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Community Fibre

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United Kingdom

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Fibre, Financial funding

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