CityFibre Infrastructure Hldgs PLC Aberdeen named as next FTTP city roll-out (4551F)
21 February 2018 - 6:00PM
UK Regulatory
TIDMCITY
RNS Number : 4551F
CityFibre Infrastructure Hldgs PLC
21 February 2018
For immediate release 21 February 2018
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Aberdeen named as next FTTP city roll-out
CityFibre to invest at least GBP40 million in full fibre
infrastructure for the Granite City
in partnership with Vodafone
CityFibre (AIM: CITY), a leading designer, builder, owner, and
operator of fibre optic infrastructure in UK towns and cities, is
pleased to announce Aberdeen as the next roll-out city under its
Fibre-to-the-Premises ('FTTP') partnership with Vodafone.
Aberdeen is the second UK location to be announced as part of
the strategic partnership between Vodafone and CityFibre, unveiled
in November 2017. The partnership focuses on extending CityFibre's
existing core network infrastructure to deliver FTTP to 12 cities,
reaching one million homes across the UK by 2021.
Aberdeen was chosen as the first FTTP city in Scotland because
of the city's emergent tech sector, the council's forward-looking
commitment to 'smart city' initiatives, and the strength of its
support for the project.
Aberdeen will become Scotland's first city in which nearly every
home and business will have access to gigabit-speed broadband. It
will also help the Scottish Government achieve its 'Reaching 100%'
ambition of making Scotland one of the best-connected places in
Europe, unlocking its full potential in a digital world.
CityFibre will invest at least GBP40 million in the city-wide
roll-out, with construction of the new FTTP network to commence in
July this year. Customers in Aberdeen will be able to pre-register
for the Vodafone full fibre service from today at
www.vodafone.co.uk/broadband/ultrafast, with the first live
services expected by early 2019.
Greg Mesch, Chief Executive of CityFibre, commented:
"Our commitment to Aberdeen is further evidence of the action
CityFibre is taking to deliver Britain's full fibre future. Our
existing network in Aberdeen provides us with an eighteen-month
head-start on a full fibre roll-out to nearly every home and
business in the city. With similar FTTP backbone networks already
built in over 40 UK towns and cities, our contribution to national
full fibre coverage is well underway. We are getting on with the
job of building Gigabit Britain - at full speed."
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 Tel: 020 7830
9700
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 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 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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