CityFibre Infrastructure Hldgs PLC Trading Update and Notice of Results (3259F)
20 February 2018 - 6:00PM
UK Regulatory
TIDMCITY
RNS Number : 3259F
CityFibre Infrastructure Hldgs PLC
20 February 2018
For immediate release 20 February 2018
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Trading Update and Notice of Results
CityFibre (AIM: CITY), a leading designer, builder, operator,
and owner of fibre optic infrastructure in UK towns and cities, is
pleased to announce the following trading update for the year ended
31 December 2017, confirming results* will be in line with current
market expectations.
The Company had a strong end to 2017, securing a groundbreaking
strategic partnership with Vodafone to roll out
Fibre-to-the-Premises ('FTTP') to at least one million homes in
twelve existing CityFibre towns and cities alongside securing two
public sector contracts in Scotland - a 19-year framework agreement
with Glasgow City Council and an additional 15-year agreement with
Capita for the expansion of the Public Services Network in
Aberdeen.
Against the backdrop of a rapidly evolving communications
infrastructure landscape in the UK, CityFibre continues to make
demonstrable progress on the development of its core UK networks.
In addition to ongoing commercial initiatives to capture a large
share of the growing public sector pipeline and to further leverage
sales opportunities in the business market via its wholesale
channel partner network, Entanet, the Group continues to advance
its FTTP partnership with Vodafone to deliver the first one million
premises, as part of our broader five million premises anchor
framework agreement.
Detailed planning and preparation work is underway for all 12
cities that will make up the first one million homes. Milton Keynes
was announced as the first city in January, with preliminary
mobilisation currently underway and construction to commence by the
end of Q1. Subsequent full city builds will be announced in due
course.
Notice of Results
The Company intends to announce its audited results for the year
ended 31 December 2017 on Tuesday 24 April 2018. The Company will
be hosting a meeting for analysts at 9:30am on the day and a
webcast of the presentation will be available to view on
CityFibre's website shortly after the conclusion of the meeting. To
register for the event, or for further information, please contact
Vigo on cityfibre@vigocomms.com.
*Subject to audit
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
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 / Emma Tel: 020 7830
Lord 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
END
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