Community Fibre has secured £125m in additional funding from a finance facility through a consortium of banks. JP Morgan, Barclays, LBBW, SIMCo and Alpha Bank have put forward the money bringing the total investment into Community Fibre up to £1.1bn. Community Fibre also confirmed it has been EBITDA positive since April 2024.
“Community Fibre has been and will continue to be highly focussed on delivering the best customer experience and the best value for money in the market. Our success here, growing from just 10k customers at the start of 2020 to over 310k in less than 5 years, has driven a strong lender appetite. We and our financial backers are aligned on driving acquisition growth and confident in overachieving our penetration targets.”
Graeme Oxby, CEO of Community Fibre
The company has built a full fibre network to over 1.3 million homes and businesses across London and some areas of the southeast, and has confirmed that they have connected 310,000 customers.
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