UK broadband provider CityFibre has raised £2.26bn ($3.04bn) in funding from current shareholders and lenders.
The company said the funds will be used to expand its network and acquire smaller competitors.
Goldman Sachs Alternatives, Antin Infrastructure Partners, Mubadala Investment Co. and Interogo Holding will provide 500 million pounds of new capital and increase existing credit facilities by 960 million pounds. In addition, CityFibre will receive an additional £800m loan.
The company said the funding will “provide a strong impetus” for the next stage of its development.
CityFibre is the third largest SSD operator in the UK after BT and Virgin Media O2. It serves more than 500,000 customers.