CityFibre Infrastructure Hldgs PLC Expansion of Public Service Network in Aberdeen (2951Z)
14 December 2017 - 6:00PM
UK Regulatory
TIDMCITY
RNS Number : 2951Z
CityFibre Infrastructure Hldgs PLC
14 December 2017
For immediate release 14 December 2017
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Expansion of Public Service Network in Aberdeen
Additional 15-year agreement with Capita for 57 extra core
public sector sites
CityFibre (AIM: CITY), a leading designer, builder, operator and
owner of fibre optic infrastructure in UK towns and cities, is
pleased to announce a further agreement with Capita, the ICT
provider to Aberdeen City Council, to connect additional core
public sector sites within the city boundary to CityFibre's metro
network.
The initial contract is for 15 years, with a cumulative initial
contract value ('ICV') of GBP1.7m. The contract will extend
CityFibre's Aberdeen network to an additional 57 public sector
locations, with approximately 17km of incremental network
extension, taking total route kilometers of network in the city to
over 100km.
This latest network extension will bring total public sector
sites served in Aberdeen to 166, and total sites sold in Aberdeen
to 419. The entry into the agreement further demonstrates the
evolving and expanding demand within the public sector for gigabit
connectivity throughout its broader estate. Cumulative ICV booked
on the Aberdeen network now totals GBP6.1m, of which public sector
business now totals GBP3.8m.
The expanded network footprint will increase CityFibre's reach
and density in the city, which will drive further market
opportunities in the business, public service, and mobile market
verticals, as well as laying the ground for a potential extensive
FTTH build in future.
Greg Mesch, Chief Executive of CityFibre, commented:
"We are very pleased to announce today's agreement with our
long-term partner, Capita, to extend the existing CityFibre network
in Aberdeen to bring the benefits of full-fibre to further core
public sector sites. Capita and Aberdeen City Council continue to
be great partners, and together we are very rapidly transforming
this dynamic city into one of the best-connected communities in
Scotland. Consistent with our previous experience in York,
Peterborough and Coventry, this agreement further illustrates the
exciting incremental business opportunities within the UK public
sector, and CityFibre's unique positioning in the market leaves us
very well-placed to capture this growing demand."
For further information, please contact:
CityFibre Infrastructure Holdings www.cityfibre.com
plc
Greg Mesch, Chief Executive Officer Tel: 020 3510
0602
Terry Hart, Chief Financial Officer
James Enck, Investor Relations Tel: 0333 150
6283
Morten Singleton, Investor Relations Tel: 0333 150
6270
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 / Richard Bootle Tel: 020 3100
2000
Vigo Communications www.vigocomms.com
Jeremy Garcia / Fiona Henson Tel: 020 7830
9700
About CityFibre:
-- CityFibre is the national builder of Gigabit Cities. The
Company's strategy is to establish CityFibre as a leading
alternative wholesale full fibre network provider to Openreach in
its chosen markets. It has metro duct and fibre footprints in 42
towns and cities across the UK and a long distance network that
connects 22 towns and cities to data-centres in London and the UK
regions.
-- 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.
The Company estimates that CityFibre's networks have an addressable
market of approximately 43,820 public sites, 7,300 mobile masts,
349,400 businesses and 4.383 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
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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