CityFibre seeks to raise $1.20 billion for acquisitions, Bloomberg News reports

July 30 (Reuters) - British fibre broadband network CityFibre is seeking to raise £900 million ($1.20 billion) from its shareholders to fund further acquisitions, Bloomberg News reported on Thursday citing a person familiar with the matter.

Here are some details:

• A spokesperson for Britain's third-largest broadband network said shareholders were proposing a "substantial equity investment" to support M&A, as CityFibre explores the "right capital structure".

• The report said investors providing equity financing include Goldman Sachs Group, Antin Infrastructure Partners SA, Mubadala Investment and Interogo Holding.

• CityFibre raised £2.26 billion from shareholders and existing lenders last July to fund network investment and acquire smaller rivals.

• The company's acquisition and expansion plans are likely to pose a challenge to bigger rivals BT and Virgin Media O2, as the industry grapples with intense competition and increasing consolidation.

• Nexfibre, a joint venture backed by Liberty Global , Telefonica and InfraVia, bought the country's second-largest "altnet" fibre network Netomnia for £2 billion in February.

• CityFibre, which sells fibre broadband via retail providers like Vodafone, TalkTalk and Sky, told Reuters in January that around 70% of the households that changed broadband supplier where its network was available switched to its services.

($1 = 0.7473 pounds)

(Reporting by Simone Lobo and Krisha Bhatt in Bengaluru; Editing by Leroy Leo)