CityFibre kick-starts £200mn grand plan to challenge Openreach

One of the UK’s most vocal littlemen, CityFibre, has unleashed its cunning plan to challenge Openreach through raising £200 million from the City and acquiring wholesaler Entanet.
Firstly, CityFibre intends to raise minimum gross proceeds of £185 million at 55 pence per share, as well as an additional £15 million through a non-underwritten offer for subscription, from the City. The company is currently listed on the AIM, and turnover totalled £15.4 million across th