17% - Woodford’s CityFibre stake

Woodford buys as directors sell in fibre optic specialist
Thursday 24 Nov 2016 Author: William Cain

Only a few weeks after CityFibre (CITY:AIM) executives sold £900,000 worth of their shares in the broadband fibre operator, fund manager Neil Woodford has upped
his stake in the company by around £55,000 to above 17%.

Loaded up with debt after the acquisition of Kcom’s (KCOM) national cable network in 2015, Cityfibre is accelerating its efforts to become a top tier provider of high speed internet connectivity. It already operates in 25 of the top 30 cities outside London and may receive a boost from Government plans to invest £1bn in new fibre optic infrastructure.

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