CityFibre Infrastructure Hldgs PLC Announcement of first FTTP city (1993C)
18 January 2018 - 6:00PM
UK Regulatory
TIDMCITY
RNS Number : 1993C
CityFibre Infrastructure Hldgs PLC
18 January 2018
For immediate release 18 January 2018
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Announcement of first FTTP city
Milton Keynes named as first city in CityFibre and Vodafone's
full fibre to the premises roll-out
CityFibre (AIM: CITY), a leading designer, builder, operator,
and owner of fibre optic infrastructure in UK towns and cities, is
pleased to announce that Milton Keynes has been selected as the
first city in Vodafone and CityFibre's roll-out programme.
Accordingly, CityFibre will invest at least GBP40 million in
incremental full fibre infrastructure to nearly every home and
business in Milton Keynes over the next few years.
This follows the joint announcement on 9 November 2017 outlining
the strategic partnership between Vodafone and CityFibre through
which next generation Fibre-to-the-Premises ('FTTP') infrastructure
will be delivered across 12 cities, reaching one million homes and
businesses across the UK.
Starting in March 2018, CityFibre will begin construction of the
new FTTP network, which will be an extension of its existing 160km
full fibre network in the city, utilising modern build techniques
to deploy the network quickly and to minimise disruption. Once
completed, nearly every home and business in Milton Keynes will
have access to a fully future-proofed digital network
connection.
The network will provide Milton Keynes' residents and businesses
with access to new market-leading Gigabit speed broadband services
from Vodafone that will completely transform their online
experience. With no reliance on outdated copper telephone lines,
Vodafone's full fibre customers will enjoy speeds of up to 1000Mbps
both downloading and uploading.
Milton Keynes was chosen as the first city because of the city's
strong tech sector, the council's forward-looking commitment to
'smart city' initiatives, and the strength of its support for the
project. The extent of CityFibre's existing fibre network in the
city and the lack of meaningful alternative digital infrastructure
also helped make Milton Keynes a prime candidate for selection.
Greg Mesch, Chief Executive of CityFibre, commented:
"The partnership between Vodafone and CityFibre aims to tackle
the huge problem the UK faces in terms of digital inadequacy and
will help deliver our vision of a Gigabit Britain. We are at the
early stages of creating the Gigabit fibre network that the UK
needs and deserves, and with the announcement of Milton Keynes as
our first project, we are well on our way to making this vision a
reality."
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
Morten Singleton, Investor Relations 6283
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
9701
About CityFibre:
CityFibre is the UK's leading alternative provider of wholesale
full-fibre network infrastructure. With dense duct and fibre
footprints in over 40 towns and cities throughout the UK, it
provides a portfolio of active and dark fibre services to its
customers which include service integrators, enterprise and
consumer service providers, local authorities and mobile operators.
CityFibre has begun a roll-out of Fibre-to-the-Premises
infrastructure in a strategic partnership with Vodafone, targeting
5 million homes and businesses by 2025. CityFibre is based in
London, United Kingdom, and its shares trade on the AIM Market of
the London Stock Exchange (AIM: CITY). www.cityfibre.com
This information is provided by RNS
The company news service from the London Stock Exchange
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