CityFibre Infrastructure Hldgs PLC Sheffield launch partner signing (0578G)
03 August 2016 - 4:00PM
UK Regulatory
TIDMCITY
RNS Number : 0578G
CityFibre Infrastructure Hldgs PLC
03 August 2016
For immediate release 3 August 2016
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Sheffield launch partner signing
CityFibre (AIM: CITY), a leading designer, builder, owner, and
operator of fibre optic infrastructure in UK towns and cities, is
pleased to announce the signing of a launch partner agreement for
its acquired networks in the Sheffield metro area.
The six-year, GBP3.3m deal commits CityFibre partner Exa
Networks to delivering 250 school and business connections under an
existing national framework agreement, focused on the Company's
network in Sheffield, and also brings the benefits of gigabit
connectivity to schools and businesses in Doncaster and
Rotherham.
Today's agreement takes the number of connections sold by
CityFibre on the networks acquired from KCOM in January to 1,450,
and the value of contracts sold on the assets to GBP22.1m.
Capex coverage on the contract is in line with the Company's
stated guidance.
Greg Mesch, Chief Executive of CityFibre, commented:
"We're delighted to extend our framework agreement with Exa into
Sheffield, Doncaster and Rotherham. With this latest call-off, we
demonstrate our ability to leverage our expanded footprint and
drive commercialisation of the acquired assets at pace, bringing 10
cities into commercial production within seven months of
acquisition close. It also brings us within striking distance of
4,000 connections sold year to date."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information, please contact:
CityFibre Infrastructure Holdings www.cityfibre.com
plc
Greg Mesch, Chief Executive Officer Tel: 0845 293
0774
Terry Hart, Chief Financial Officer
James Enck, Head of Investor Relations Tel: 0333 150
6283
finnCap (Nomad and Joint Broker) www.finncap.com
Stuart Andrews / Christopher Raggett Tel: 020 7220
(Corporate Finance) 0500
Simon Johnson (Corporate Broking)
Liberum (Joint Broker) www.liberum.com
Steve Pearce / Steven Tredget / Tel: 020 3100
Richard Bootle 2000
Vigo Communications www.vigocomms.com
Jeremy Garcia / Fiona Henson Tel: 020 7830
9700
About CityFibre:
CityFibre is the national builder of Gigabit Cities, as the UK's
largest alternative provider of wholesale fibre network
infrastructure. It has major metro duct and fibre footprints in 37
cities across the UK and a national long distance network that
connects these cities to major data-centres across the UK and to
key peering points in London.
The company has an extensive customer base spanning service
integrators, enterprise and consumer service providers and mobile
operators. Providing a portfolio of active and dark fibre services,
CityFibre's networks address 26,000 public sites, 7,400 mobile
masts, 260,000 businesses and 3.7 million homes.
CityFibre is based in London, United Kingdom, and its shares
trade on the AIM Market of the London Stock Exchange (AIM: CITY).
Further information on the company can be found at
www.cityfibre.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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