CityFibre Infrastructure Hldgs PLC Launch partnership with Onecom on Southend network (3752J)
09 September 2016 - 4:00PM
UK Regulatory
TIDMCITY
RNS Number : 3752J
CityFibre Infrastructure Hldgs PLC
09 September 2016
For immediate release 9 September 2016
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Launch partnership with Onecom on Southend network
Onecom to become CityFibre's 50(th) service provider partner
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 commercial launch partner
agreement for its Southend-on-Sea network currently under
construction.
Hampshire-based business ISP Onecom, the largest service
provider in the Vodafone Partner Programme by customer connections,
becomes CityFibre's 50(th) service provider partner, taking the
Company halfway to its medium-term target of 100 service provider
relationships.
The five-year, GBP1.7m agreement commits Onecom to a minimum of
150 business customer connections across CityFibre's network of up
to 100 kilometres currently under construction in the city.
With the conclusion of today's agreement, CityFibre has now sold
a total of 270 connections on the Southend asset, representing an
incremental unit sales uplift of 125% above the original anchor
customer commitment in only six months.
Greg Mesch, Chief Executive of CityFibre, commented:
"We're delighted to add Onecom as our 50(th) service provider
partner relationship and our launch partner to deliver superior
pure fibre connectivity solutions to the business community in
Southend. Onecom's national base of over 300,000 customer
connections is testament to its established reputation for quality
and customer service, making it an ideal addition to the CityFibre
partner universe."
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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