Vigo works with CityFibre on acquisition

Independent agency Vigo supported CityFibre, a designer and builder of fibre optic infrastructure in the UK, on its acquisition of national infrastructure assets and a placing to raise £80m.

CityFibre purchased around 1,100 route kms of metro network assets in 24 towns and cities in the UK, and a national long distance network of around 1,100 km, from telecoms provider KCOM for some £90m at the end of last year.

Vigo will continue to provide financial PR support to the company, which will use the proceeds of the placing and its new assets to “increase CityFibre’s footprint”.

Jeremy Garcia and Fiona Henson are working on the brief.