Natixis supports CityFibre, the UK’s leading alternative provider of wholesale full fibre network infrastructure, with a debt package of £1.12 billion, alongside 6 major financial institutions, to underpin capital investment in full fibre across UK towns and cities.

Proceeds from the transaction will be used to fund the first part of CityFibre’s £2.5 billion investment plan, which will see it roll-out full fibre to five million homes, a third of the Government’s target of 15 million homes by 2025.

“This is the largest debt financing package dedicated to full fibre rollouts in the UK’s history and represents an important milestone in CityFibre’s plan to improve the country’s digital future.” CityFibre explains in a statement.