CityFibre builds transformational fibre optic infrastructure for the UK. Fit for the next hundred years and empowering the UK’s economy and society, our pure fibre infrastructure transforms the way governments, businesses and consumers communicate.

We are the largest provider of fibre infrastructure to the UK’s second tier cities. With network in over 50 towns and cities and over 30,000 km of fibre in the ground, we provide gigabit capable infrastructure for service providers, mobile network operators, local authorities and businesses throughout the country.

CityFibre also operate the UK’s most extensive Fibre-to-the-Home network in Bournemouth. Our open access network connects over 21,000 homes, providing consumers and service providers with the UK’s finest next generation, future-proofed digital infrastructure.



CityFibre Infrastructure has raised £16.5m, gross, through an issue of 27,653,276 ordinary shares ahead of its admission to trading on AIM today (17 January).

The proceeds of the fundraising will be used to expand the group's fibre optic infrastructures, by connecting businesses, local government and consumer customers to its networks, and to deploy infrastructure in selected regional cities, either through the construction of new networks or the acquisition of existing fibre infrastructure.

The total number of ordinary shares in issue at admission is 52,314,648, giving the group a market capitalisation of approximately £31.4m.


http://www.cityfibre.com/

CityFibre was founded by  Greg Mesch who has built up five companies from start-up enterprises over the past 25 years, including Irish alternative telecoms company ESAT and Versatel, which built a network in Germany, Belgium and the Netherlands. ESAT was sold to BT for €1 billion (£837.7 million) and Versatel was sold to Sweden’s Tele2 for €2 billion (£1.67 billion).

Broadband

More haste, less speed

Ultra-fast broadband will reach Britain eventually

Jan 11th 2014

BOURNEMOUTH, a seaside resort on Britain’s south coast, is not an obvious place to experiment with speedy broadband. Yet a smattering of its homes enjoy internet speeds that leave more cosmopolitan places in the shade. Optical fibres installed by CityFibre, a small telecoms company, allow services 70 times faster than the national average. At one gigabit per second (Gbps), they rank among the zippiest residential connections in the world.

Britain aspires to be a world-beating digital economy. That requires a speedy internet. Since 2010 average broadband speeds have trebled; the rollout of broadband to rural areas, though much delayed, compares well with efforts abroad. Yet very few can access anything like the speeds offered in Bournemouth. As connections of 1-2 Gbps grow common in Seoul, Tokyo and parts of America, some fret that Britain’s networks will fall behind


For several years BT, which manages much of Britain’s telecommunications infrastructure through a subsidiary, Openreach, has been wiring up British neighbourhoods with fast fibre optics. Yet in most cases the new lines terminate in street cabinets: the final short hop to homes and offices is along old copper telephone wires, drastically reducing possible connection speeds.

Replacing those wires with fibre is expensive. BT will eventually supply customers who demand it, but at a hefty connection fee. That has encouraged a gaggle of independent firms, such as CityFibre, to pitch speedier connections. But large fibre projects require hefty capital and much digging, and offer slow returns. Hyperoptic, for now Britain’s biggest residential “gigabit” supplier, mostly targets big blocks of flats in London.

Tech boosters think the government should stump up for more gigabit links. They note that few of the world’s whizziest networks were built without some state subsidy; they also say ubiquitous fibre would cost only half as much as Britain’s proposed high-speed railway line. Promoting high-capacity connections now might avoid a costly crunch down the line. In November the Broadband Stakeholder Group, a government and industry body, predicted that most households will want no more than 19 megabits per second (Mbps) in 2023—only a third faster than today’s average speed. But Oliver Johnson of Point Topic, a consultancy, thinks 100-500 Mbps a safer bet.

Though most homes would struggle to make full use of gigabit bandwidth, faster connections do seem to mean more internet use. Bigger pipes would speed the evolution of data-hungry services, too. The greatest benefits might accrue to small and medium-sized firms, which need more than today’s “superfast” speeds but cannot afford to purchase premium leased lines.

But there are good reasons to favour Britain’s current, cautious approach. Analysys Mason, a research firm, thinks full fibre would take 15 years to roll out. Britain might spend lavishly on kit that could be cheaper later, when blistering speeds might also be better appreciated. Mike Galvin of Openreach thinks new technology may eventually mean copper delivering speeds comparable with fibre. Australia’s new government is slashing the targets of that country’s fibre roll-out after costs almost doubled.

Britain’s ultra-fast networks will remain rare oases, at least for a while. But in the long run plucky young networking firms may prompt swifter action from BT. In America, Google’s promise to build fibre networks in Kansas City and Austin has nudged sluggish incumbents into bringing forward their own ultra-fast products. Competition is a powerful accelerant.

Just starting to move over the last week.

NEW BUSINESS UPDATE

RNS


RNS Number : 0197E

CityFibre Infrastructure Hldgs PLC

04 April 2014







For immediate release

4 April 2014




CityFibre Infrastructure Holdings PLC

('CityFibre' and ''the Company')



NEW BUSINESS UPDATE

CityFibre confirmed as preferred bidder for Coventry fibre network



CityFibre (CFHL.L), the company that owns, builds and operates fibre optic infrastructure, is pleased to confirm that it is in advanced negotiations with Coventry City Council as preferred bidder to acquire a citywide fibre infrastructure network. The network, known as the Coventry Metropolitan Area Network (MAN), currently connects over 300 Council buildings, local schools and libraries in the city of Coventry. The Council have undertaken an open competitive process to invite bids for the MAN asset, which resulted in CityFibre's selection as preferred bidder. The acquisition is subject to final approvals from the council and the conclusion of contractual agreements.



CityFibre will update shareholders further on any material developments related to the proposed transaction.



Greg Mesch, CEO of CityFibre commented:

"We're very pleased to have been selected by Coventry City Council as the preferred bidder for the acquisition of the Coventry MAN fibre network. Coventry has a long history of innovation and technology leadership, and the council clearly recognises that CityFibre can bring unique economic benefits to the city through commercialising and expanding the fibre optic network.

"Pending approval of the transaction and completion of contract, we intend to further invest in upgrading the capacity of the existing fibre infrastructure and building out new routes on a commercial basis. This would see Coventry become our largest city network, joining our growing number of Gigabit City projects and positioning the city at the forefront of the UK's digital economy."

Coventry Update

RNS


RNS Number : 5843E

CityFibre Infrastructure Hldgs PLC

11 April 2014





For immediate release

11 April 2014




CityFibre Infrastructure Holdings PLC

('CityFibre' and ''the Company')



NEW BUSINESS UPDATE



CityFibre (CFHL.L), the company that owns, builds and operates fibre optic infrastructure, is pleased to confirm that Coventry City Council (the "Council") yesterday voted to approve the disposal of its Coventry Metro Area Network ("MAN") asset to the Company, subject to final contract.



The MAN comprises over 140km of local access fibre capable of gigabit speeds and currently connects over 300 buildings.



CityFibre and the Council will now negotiate the final contract in relation to the sale and purchase of the MAN and the Company will provide further updates when appropriate.

CityFibre form JV with Sky & TalkTalk

RNS


RNS Number : 8133E

CityFibre Infrastructure Hldgs PLC

15 April 2014




CITYFIBRE - PRESS RELEASE

15 April 2014



Sky and TalkTalk partner with CityFibre to

Launch Ultra-Fast Broadband





Sky and TalkTalk today announce that they have joined forces with CityFibre to create a new company that will deliver ultra-fast broadband services in the City of York. The new joint venture company plans to build a state of the art, city-wide, pure fibre-to-the-premise (FTTP) network to deliver broadband speeds of 1 Gigabit (1000 Mbps) direct to tens of thousands of homes and businesses in York, offering customers better quality and value.



The new network will leverage CityFibre's existing metro fibre infrastructure in the City. Once the ultra-fast network is in place, Sky and TalkTalk will retail competing broadband services over the new infrastructure, with the first York customers expected to be connected in 2015.



The joint venture plans to work with leading global technology provider Fujitsu to deploy the pure fibre FTTP network. It will enable Sky and TalkTalk to offer customers better value for higher speeds than is currently available, increasing both choice and innovation in broadband for consumers.



The roll out will give Sky, TalkTalk and CityFibre the opportunity to fully test a new cost effective approach to building a viable pure fibre network, independent from BT Openreach's infrastructure. The parties also intend to bring ultra-fast broadband to two further cities across the UK and will announce further details about the selection of the cities in due course.



This will be the first time ever that a UK city has been connected with such high speeds on a city-wide basis. The parties will work in partnership with the local community to help ensure the network delivers the numerous benefits better broadband can provide, including helping to grow the local economy and supporting York businesses to better compete in the UK and abroad.



Further details about the new service in York, including branding and launch date, and Sky and TalkTalk's customer propositions and pricing, will be confirmed in due course.



The Joint Venture plans to sell wholesale fibre services to Sky and TalkTalk. CityFibre, Sky, and TalkTalk will each have an equal 33.3% equity stake in the new company. CityFibre's initial investment in the Joint Venture will be via an in-kind equity contribution comprising a right of use of its asset in York. CityFibre expects that some additional capex may be required to adapt the metro network for use by the Joint Venture but this is not expected to be material.



Dido Harding, Chief Executive of TalkTalk Group, said: "TalkTalk has a long history and proven track record of disrupting new markets, and this is the next step in that journey. We are excited to be working in partnership with Sky and CityFibre to build this new network that will offer significantly higher speeds at much better value than is currently available. This marks TalkTalk taking its first steps into investing in building infrastructure as part of our mission to make British homes and businesses better off."



Stephen van Rooyen, Managing Director of Sky's Sales, Marketing and Brand Group, said: "Increased competition in the broadband market has brought benefits to millions of households who now enjoy better quality and value of service. Sky has led the growth of the sector since the launch of Sky Broadband, becoming the UK's favourite provider of TV, broadband and home phone, and we see plenty of opportunity to continue to develop our offering. This trial will help us understand the potential for cutting-edge technology to help us give customers an even better quality of service and we're looking forward to working in partnership with TalkTalk and CityFibre."



Greg Mesch, Chief Executive of CityFibre, said: "As a business that believes in the transformative potential of pure fibre infrastructure and gigabit speeds to stimulate growth and innovation this partnership is great news for UK plc. Working with two of the largest and most forward-thinking service providers in the UK we will continue to extend our existing metro fibre infrastructure and introduce a new generation of gigabit speed services to homes and businesses."



Cllr James Alexander, Leader of City of York council said: "This announcement makes York the digital infrastructure capital of the UK. Gaining ultra fast broadband across the city is a huge boost for our economy; providing significant new opportunities for businesses based here and better quality and value to our residents.



"I'm delighted that York has been chosen as the first city, building on work over the last two year's to improve the city's digital infrastructure, and that we'll see this in place as soon as 2015".



END

Peterborough Update

RNS


RNS Number : 4910F

CityFibre Infrastructure Hldgs PLC

25 April 2014




For immediate release 25 April 2014



CityFibre Infrastructure Holdings PLC

("CityFibre" and "the Company")



PETERBOROUGH UPDATE



Construction of 90km network begins

Business sign ups surpass 400 in less than 12 weeks



CityFibre (CFHL.L), the company that owns, builds and operates fibre optic infrastructure, is pleased to announce that the number of businesses pre-registering on the Peterborough CORE metro fibre network has now surpassed 400, equating to more than 10% of all businesses in the city.



Moreover, CityFibre, via its local service provider partner Businesscoms, has already seen a dozen pre-registered businesses convert to being contracted customers, several months before the availability of services on the network.



Construction of the 90km network officially began with a formal ground-breaking ceremony on Wednesday 23rd April and will quickly progress across the city with the first services available to businesses by July this year. The "Gig Up Peterborough" pre-registration campaign began 12 weeks ago, and is enjoying an acceleration of registrations of interest in the wake of the ground-breaking ceremony.



Greg Mesch, CEO of CityFibre, remarked: "We're very proud to break ground on this exciting new project and extremely pleased with the strong response to date from the business community in Peterborough, with 10% of area businesses pre-registering interest in under three months, and a dozen committing to service contracts before the network is even constructed. This underscores the significant pent-up demand we see across the UK for gigabit connectivity over pure fibre connections, where the lack of credible supply is felt most keenly in the business community."



The Peterborough project, announced in November 2013, is being undertaken by CityFibre in partnership with Serco, IT services provider to the Peterborough City Council. The work is set to transform Peterborough into a Gigabit City over the coming year, beginning with the connection of 106 local council sites to gigabit connections.



More information on the "Gig Up Peterborough" campaign and business pre-registration form can be found at www.peterboroughcore.com.

Shares - CityFibre could see its partnership with broadband suppliers British Sky Broadcasting and TalkTalk extend beyond York. The recent IPO documentation identified up to a 100 smaller UK cities in need of a fibre optic cable network.

30 million Fundraising

http://www.moneyam.com/action/news/showArticle?id=4816771

Full Year Results

RNS


RNS Number : 9007H

CityFibre Infrastructure Hldgs PLC

23 May 2014







For immediate release








CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



AUDITED FULL YEAR RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013



CityFibre Infrastructure Holdings Plc (AIM: CFHL), a leading owner, builder and operator of fibre optic infrastructure enabling gigabit connectivity in UK cities, is pleased to report pro forma results for the Group for the year ended 31 December 2013. These results are for CityFibre Holdings Limited, which was acquired by CityFibre Infrastructure Holdings plc in January 2014 as part of an IPO restructuring immediately prior to the Company's admission to trading on AIM.



Financial Highlights:

· Revenue increased 9.7% to £1.9m

· Gross profit increased 24.0% to £1.5m

· Administrative expenses fell 7.9% to £5.7m

· New contracts with a total value of £4.7m were signed during the period





Operating and Post Period End Highlights:

· The UK's largest independent provider of fibre network infrastructure, to mid-sized cities and major towns with over 29,000 kms of fibre and duct access network connecting 465 customer sites in 56 UK towns and cities, as well as a Fibre-to-the-Home ("FTTH") network passing 20,000 homes in Bournemouth.



· Continued momentum of the Company's Gigabit City UK roll-out:

o Signed a 20-year contract with Serco in November 2013 to provide fibre connectivity to over 100 locations in Peterborough: to date over 500 Peterborough businesses have signed up to the pre-registration campaign "Gig Up," and partnership agreement with local service provider Businesscoms is expected to drive contract conversions. The Peterborough network deployment has commenced on schedule.



o Awarded preferred bidder status by Coventry City Council for the acquisition of the 140 kms Coventry Metropolitan Area Network (MAN) fibre optic asset in April 2014. Pending successful completion of the acquisition Coventry will become CityFibre's largest network asset with an addressable business market of over 9,000 potential customers, and increasing the Company's total fibre network footprint by 48%.



o Joint venture agreement ("JV") signed with BSkyB and TalkTalk to deploy a FTTH network in York, leveraging CityFibre's existing asset. This JV marks the first example of large ISPs procuring broadband infrastructure at scale from an alternative service provider. The JV intends to select another two cities for deployment in due course.



· CityFibre board further strengthened through the appointment of industry veteran Peter Manning as Non- Executive Chairman in September 2013, and Sally Davis, previously CEO of BT Wholesale, as Non-Executive Director in February 2014.



· Successful IPO and admission to trading on AIM on 17 January 2014, raising approximately £16.5m before expenses to i) grow services and profitability at existing assets, including York, ii) to deploy 90 kms of metro fibre infrastructure into Peterborough, iii) to acquire further metro fibre infrastructure in excess of 100kms, and iv) for working capital purposes and project pipeline.



· Conditional placing announced today to raise approximately £30m (before expenses) to further strengthen the Company's balance sheet and enable the Company to exploit an accelerating pipeline of projects and incremental opportunities to those foreseen at IPO.



· New business pipeline remains strong with high level of interest in CityFibre from secondary cities across the UK, of which management believe there are approximately 100 addressable opportunities.



Greg Mesch, CEO of CityFibre, commented:

"We are delighted to be announcing our maiden results as a public company, which highlight the Company's strategic progress. Following our successful IPO, we have a strong base from which to exploit a number of exciting near term opportunities and to continue to pursue our medium term growth ambitions.

"The proposed placing announced today alongside these results reflects an acceleration in the opportunities presented to the Company and provides further balance sheet strength and financial flexibility in pursuing them."

"We've made a strong start toward delivering our 2014 objectives. We have broken ground in Peterborough on schedule and are seeing strong interest from the local business community, with over 500 businesses pre-registering since the introduction of the "Gig Up" campaign. Our preferred bidder status for the Coventry network is a significant milestone which demonstrates our ability to grow through acquisition as well as organically. Furthermore, the signing of an FTTH Joint Venture agreement with BSkyB and TalkTalk marks a watershed opportunity to change the status quo in UK broadband infrastructure. The need for pure fibre connectivity continues to drive our business and we look forward to updating both the market and our shareholders on our strategic progress over the coming months."

23 May Finncap 110.00 Corporate

Closing of Coventry MAN Acquisition

RNS


RNS Number : 7038I

CityFibre Infrastructure Hldgs PLC

03 June 2014







For immediate release

3 June 2014




CityFibre Infrastructure Holdings PLC

("CityFibre" or "the Company")

Closing of Coventry MAN Acquisition

CityFibre (CFHL.L), a leading designer, builder, owner and operator of fibre optic infrastructure, is pleased to announce that further to the announcement of 11 April 2014, CityFibre has today completed the acquisition of the 140km Coventry Metro Area Network (MAN) and signed a strategic partnership with Coventry City Council.

The Coventry MAN, to be rebranded the Coventry CORE, was commissioned by Coventry City Council six years ago and currently serves nearly 300 key public sites including council offices, schools and community centres. CityFibre will continue to provide connectivity to these sites, granting the Council a long-term, free right of use.



From this summer the Coventry CORE will be extended to enable thousands of local businesses access to transformational gigabit internet speeds through a number of local Internet service provider partners. This will make Coventry a Gigabit City, joining both York and Peterborough in CityFibre's accelerating Gigabit Cities programme.

Consistent with the Company's business model, any material incremental capex associated with the Coventry CORE asset will be success-based, driven by contracted revenues.



Greg Mesch, CEO of CityFibre said:



"We are delighted to welcome Coventry into the growing stable of CityFibre Gigabit Cities. The addition of this 140km network increases our total network footprint by 48%, and Coventry now represents our single largest network asset. With an addressable business market of over 9,000 concerns, we believe Coventry holds great promise, and the Company, along with our service provider partners, look forward to delivering first class connectivity to this underserved market."



Councillor Damian Gannon, Cabinet Member, Strategic Finance and Resources at Coventry City Council, said:



"Ultrafast gigabit speed connectivity is vital for Coventry businesses to enable them to compete and succeed not just on the national, but also on the international stage. As a Gigabit City, Coventry can now set itself alongside the most digitally advanced locations around the world and we look forward to the numerous social and economic advantages that such a status will bring; driving economic investment and catalysing business start-ups."



-Ends-

CityFibre to Extend UK Reach

RNS


RNS Number : 7193O

CityFibre Infrastructure Hldgs PLC

11 August 2014







For immediate release

11 August 2014


CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

CityFibre to extend UK reach through Easynet agreement in Kirklees



Collaboration creates the most advanced Public Services Network offering to UK towns and cities

CityFibre (AIM: CFHL), a leading designer, builder, owner and operator of fibre optic infrastructure, is pleased to announce it has signed a long term agreement with Easynet, formerly MDNX, to deploy dark fibre connectivity to 176 public sector sites in the metropolitan borough of Kirklees, West Yorkshire.



Pursuant to the contract, CityFibre will design and build a 72-kilometre fibre network which will enable Easynet, a UK Government approved and accredited Public Service Network (PSN) and G-Cloud supplier, to offer transformational, gigabit-capable fibre network connectivity solutions to the metropolitan borough of Kirklees as part of its overall solution for the council. The total contract value to capex ratio attributable to CityFibre is in line with the Company's previously stated guidelines.



This marks the first contract win for CityFibre with a service provider partner under the PSN national procurement framework. It also marks the first time that a PSN-approved provider has incorporated an extensive dark fibre solution in delivering a PSN project. The combination of CityFibre's proven track record of developing similar projects in cities such as York and Peterborough, and Easynet's extensive experience in delivering multi-million pound government ICT solutions, will enable both parties to deliver next generation services to key UK regional towns and cities.



Greg Mesch, Chief Executive Officer of CityFibre commented: "We are delighted to be announcing this agreement with Easynet, which will broaden our UK footprint and position CityFibre as an approved supplier to Easynet for the Government's PSN framework. Our city-wide pure fibre solutions are now available to local authorities throughout the UK.

"In a digital age, we must ensure that our towns and cities are furnished with a next generation and future-proof digital infrastructure supporting the public and private sectors. Our partnership with Easynet is an exciting opportunity for local authorities up and down the country to make the most of the PSN."

Simon Holmyard, Head of Public Sector, Easynet, commented: "There is a real opportunity for public sector customers to realise the value available under PSN by incorporating all the available infrastructure and technologies, delivering maximum flexibility and commercial value.



"This agreement with CityFibre complements our accredited PSN network service provision and adds to our Government portfolio of Hosting, Unified communications and collaboration services. We see CityFibre playing a significant part in this market transformation as part of our overall solutions. With the Public Sector drive towards Smart Working, having access to data anywhere and anytime is key."

CityFibre selects Aberdeen as next Gigabit City

RNS


RNS Number : 7007Q

CityFibre Infrastructure Hldgs PLC

03 September 2014







For immediate release

3 September 2014




CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

CityFibre selects Aberdeen as next Gigabit City



New city network anchoring approach focused on business segment demand aggregation, in collaboration with local partner Internet For Business (IFB)



CityFibre (AIM: CFHL), the UK's leading designer, builder, owner and operator of fibre optic infrastructure, is pleased to announce it has signed an agreement with Scotland-based ICT service provider Internet For Business ("IFB"), to deploy a gigabit-capable dark fibre network throughout Aberdeen, as the first step in the company's plan to establish Aberdeen as Scotland's first Gigabit City.



The initial 50km network build phase (of a total anticipated build of up to 120km) is backed by a contractual offtake commitment from IFB to migrate and upsell existing business leased line customers onto CityFibre's infrastructure, as well as to convert new customers from its strong pipeline. The Total Contract Value ("TCV") to capex coverage ratio during the initial phase of the contract-backed build is anticipated to be well within the Company's stated target range.



CityFibre selected Aberdeen as a highly attractive and strategically significant market for the Company to enter, as its strong local economy accounts for 28% of Scotland's GDP and lays claim to 30% of the country's top 100 businesses. The network will bring much-needed alternative local access fibre infrastructure to the city, which was passed over in the cable network deployments of the 1980's and 1990's.



Pending successful completion of this first phase of network build, CityFibre's pro forma fibre footprint (including in-progress projects in York, Coventry, Peterborough and Kirklees) will exceed 680 route kilometres of local access fibre and connect over 1,200 customer sites. This expanded footprint represents an addressable market of over 2,400 public sector sites, 1,200 cell sites, 40,000 businesses and 600,000 homes.



The network roll-out will be demand-led and will follow CityFibre's highly optimised "Well-Planned City" network design concept, accommodating current and future capacity requirements from the public sector, private businesses, mobile operators and local data centres. Ultimately, the network, comprising modern duct infrastructure with high-capacity fibre cables, could comfortably provide a backbone for the deployment of fibre to the home for the city's residents.



Based on a number of key sites selected in conjunction with IFB, planning for the network's deployment is already underway and will initially focus on the centre and south of the city, including key industrial estates such as Tullos and Altens, as well as the north as far as Dyce and The Bridge of Don. Subject to demand, the build programme will be extended to areas in the west of the city, such as Westhill and Kingswells. CityFibre will shortly launch a demand aggregation campaign allowing Aberdeen's 6,000 businesses to register their interest and help shape the network route.



Greg Mesch, Chief Executive Officer of CityFibre commented: "Aberdeen has long been a priority target market for us, given its strong economic fundamentals and absence of alternative network infrastructure. CityFibre is honoured to be able to add to the proud history of this city by building an independent, modern, transformational metro fibre network that will digitally future-proof Aberdeen and its residents for the next 100 years.

"We're also delighted to be teaming up with such a strong and knowledgeable local partner as Internet For Business. During its two decades of operations, IFB has always been at the forefront of quality service innovation in the Aberdeen business communications market, and this tradition continues as it teams up with CityFibre to promote the independent delivery of much-needed supplier diversity in the local broadband infrastructure market. The partnership forms the cornerstone of our efforts to establish Aberdeen as the first Scottish Gigabit City, and marks our first city-wide metro network to be anchored by aggregated demand from the business segment."

Graeme Gordon, Chief Executive Officer, Internet For Business, commented: "We know how important connectivity services are to businesses in Aberdeen as there is always a high demand for more bandwidth. We have been strong supporters of investment in a modern infrastructure that can accommodate the additional bandwidth that is required and are delighted to be working towards giving businesses in Aberdeen the opportunity to grow.



"It's a great boost for Aberdeen to be the first city in Scotland to receive this service. This not only sends a signal to businesses that Aberdeen is a city with room to grow and progress, but it gives future investors confidence in the services that the city can offer."



Jenny Laing, Aberdeen City Council leader, commented: "We are hugely excited to see CityFibre and IFB bring this project to life ensuring that Aberdeen city and shire have a next generation digital infrastructure in place to further economic growth over the coming years. CityFibre's decision to make Aberdeen a Gigabit City helps us to realise the ambitions laid out in Accelerate Aberdeen of being at the leading edge of the digital revolution, with the world-class connectivity essential for continued growth and helps lay the foundations for significant improvements for residential customers in the future."

3 Sep Liberum Capital 114.00 Buy
3 Sep finnCap 110.00 Corporate

Notice of Interim Results

RNS


RNS Number : 8632R

CityFibre Infrastructure Hldgs PLC

17 September 2014







For immediate release

17 September 2014




CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

Notice of Interim Results



CityFibre (AIM: CFHL), the UK's leading designer, builder, owner and operator of fibre optic infrastructure, will be announcing interim results for the six months ended 30 June 2014 on Monday 29 September 2014.



A meeting for analysts will be held at 10.00am on the morning of results at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

Interim Results

RNS


RNS Number : 7998S

CityFibre Infrastructure Hldgs PLC

29 September 2014







For immediate release

29 September 2014






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



UNAUDITED HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014



CityFibre Infrastructure Holdings Plc (AIM: CFHL), the leading designer, builder, owner, and operator of wholesale fibre optic infrastructure enabling gigabit connectivity in UK towns and cities, is pleased to report half year results for the Group for the period ended 30 June 2014.



Financial Highlights:

· First half results ahead of expectations at the IPO;

· Revenue increased 45.6% to £1.3m, driven by new projects and incremental contract growth on existing assets;

· Gross profit increased 49.3% to £1.0m, with margin expansion from 80% to 82%, reflecting high operating leverage of passive fibre network assets;

· Adjusted EBITDA loss of £2.0m, reflecting increased activity connected to new city wins;

· Acquisition of property, plant and equipment of £2.1m, up from £0.4m in H1 2013;

· Strong balance sheet following successful IPO and oversubscribed secondary placing raising £46.5m before expenses from institutional investors;

· Cash balance at period end of £37.2m



Operating Highlights:

· Signed a landmark joint venture agreement ("JV") with BSkyB ("Sky") and TalkTalk on 15 April 2014 to deploy a trial city-wide Fibre-to-the-Home (FTTH)/Fibre-to-the-Premises (FTTP) network in York and appointed Fujitsu as build partner;

· Acquisition of Coventry Metro Area Network asset closed on 3 June 2014, adding over 300 connected customer sites and 62% additional fibre footprint to the CityFibre portfolio;

· Connected customer sites up 76%, to 817 as at 30 June 2014 from 465 in December 2013. Reseller and service providers on-net up to 16 from two at the start of the year;

· Post period end city wins in Kirklees and Aberdeen, full year target of three new city wins achieved to date;

· CityFibre's pro forma fibre footprint (assuming successful completion of in-progress projects in Peterborough, Kirklees, and Aberdeen) will exceed 680 route kilometres of local access fibre and connect over 1,200 customer sites when complete. This expanded footprint will represent an addressable market of over 2,400 public sector sites, 1,200 cell sites, 40,000 businesses and 600,000 homes;

· Strong momentum expected to continue for the remainder of the year, particularly with regard to new city wins and further commercialization of existing assets.











Greg Mesch, CEO of CityFibre, commented:

"We entered this year with the objective of securing a strong capital base and delivering key projects across all our core market areas. We are on track to deliver on all of our objectives. We have raised £46.5m from institutional investors, secured three new city wide fibre based anchor projects, and are on schedule and on budget with the Peterborough deployment, where business pre-registrations have vastly exceeded our expectations.

"Moreover, the developments in the first six months of the year underline our expanding range of methods for anchoring new city wide fibre networks - via acquisition, partnering with Public Service Network (PSN) framework suppliers, and aggregation of business segment demand via local ISPs. And of course we are delighted to be in a FTTH/FTTP trial agreement with Sky and TalkTalk and in the first phase of the deployment in the trial on our existing asset in York, which we believe further validates our shared infrastructure model.

"We are pleased with the ongoing progress which these results and the recent announcements illustrate. Not only has the Company exceeded expectations of contract wins set at the time of the IPO in January, but we have also already attained the revised full year growth expectations set at the secondary placing in May. Our four key market segments of public sector, mobile, business and consumers remain robust as consumers of fibre and we are extremely pleased with the progress across all these market segments."

NATIONAL FRAMEWORK AGREEMENT WITH EE and Three UK

RNS


RNS Number : 8901W

CityFibre Infrastructure Hldgs PLC

13 November 2014







For immediate release

13 November 2014






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



NATIONAL FRAMEWORK AGREEMENT WITH EE and Three UK



CityFibre to deliver UK's first dark Fibre-to-the-Tower ("FTTT") solution



CityFibre (AIM: CFHL), the leading designer, builder, owner, and operator of wholesale fibre optic infrastructure enabling gigabit connectivity in UK towns and cities, is pleased to announce the signing of a long term national framework agreement with mobile network operators EE and Three UK, along with their infrastructure joint venture, Mobile Broadband Network Limited ("MBNL").



The framework agreement will see CityFibre deploy the UK's first dark fibre backhaul connections to mobile masts (Fibre-to-the-Tower, or "FTTT") across both operators' networks, improving network performance capabilities as well as offering long term cost efficiency. It also marks the expansion of critically needed diversity in the mobile operators' supply chains.

Whilst already widely established in North America and Continental Europe, dark Fibre-to-the-Tower solutions for mobile network operators have not been deployed previously in the UK. Dark fibre supplies operators with their own fibre infrastructure, a future-proofed platform offering near limitless capacity for the same fixed cost. This is an invaluable asset in the face of operators' growing bandwidth requirements and increasing backhaul traffic to and from cell sites driven by explosive data demand and the proliferation of connected devices.

The first project of the framework is already underway in Kingston-upon-Hull, where CityFibre is in the process of overhauling MBNL's network, providing both EE and Three UK with the ability to deploy advanced network technology features and to trial cutting edge technologies. CityFibre, EE, Three UK and MBNL are already examining how the dark fibre solution could be rolled out to further towns and cities in the UK under the national framework agreement and will update the market as appropriate in due course.

CityFibre's initial 60km build project for the mobile sites in Hull is the first step in an anticipated larger build-out, potentially up to 200km, following CityFibre's "Well-Planned City" model, under which the Company's shared fibre infrastructure is also available for use by service providers covering multiple market segments.

The financial terms of the contract are within the Company's previously stated guidance with regard to total contract value ("TCV") to capex coverage.



Greg Mesch, CEO of CityFibre, commented:

"We're delighted to be working alongside EE and Three UK, who together carry about 75% of the data used by UK mobile users. The deployment in Hull is a critical first step in promoting the adoption of dark fibre solutions for FTTT in the UK market, as well as establishing CityFibre as the partner of choice for Mobile Network Operators and wireless infrastructure providers seeking to migrate to dark fibre solutions on a national scale.

"Since our inception, we've consistently underlined the importance of the mobile vertical as we look to both grow our UK footprint and market share. Today's announcement serves as another powerful validation of our vision and reinforces our shared infrastructure approach. CityFibre is now established as an approved supplier to three strong partners with the most significant wireless footprint in the UK through this national framework agreement. It also establishes mobile as a market vertical capable of generating new Gigabit City anchoring opportunities in its own right.

"Our success to date in serving customers across the public sector, business segment and the consumer FTTH market is now further augmented with the addition of mobile customers to our portfolio. We have now achieved a crucial near-term aspiration of being active in all four key market verticals within our first year as a public company, further endorsing our business model and reinforcing the need for gigabit connectivity across the UK."

Fotis Karonis, Chief Technology Officer at EE, said:

"With our customers' data usage rising all the time, driven on by the rapidly growing adoption of 4G, a more flexible and cost effective backhaul capacity solution is hugely important so that we can keep giving a world-leading mobile experience. This is a completely new model for the industry, set to provide a much-needed change to the economics of capacity management."

Bryn Jones, Chief Technology Officer at Three UK said:

"This agreement with CityFibre is the latest step in our efforts to give customers a great network experience. The ability to add our own high capacity infrastructure will be hugely important for our network, particularly in busy metropolitan areas."

13 Nov Liberum Capital 114.00 Buy
13 Nov finnCap 110.00 Corporate

Director Deals - CityFibre Infrastructure Holdings (CFHL)

BFN

Sally Davis, Non Executive Director, bought 21,998 shares in the company on the 14th November 2014 at a price of 71.72p. The Director now holds 253,779 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

CityFibre - Redleaf Tech Showcase 2014

Click here

Director dealing

RNS


RNS Number : 4486Z

CityFibre Infrastructure Hldgs PLC

11 December 2014






11 December 2014

CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

Director dealing



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities,, was informed on 10 December 2014 that on the same day Sally Davis, a Non-Executive Director of the Company, acquired 14,910 ordinary shares of one penny each in the capital of the Company ("Ordinary Shares") at an average price of 67.0 pence per Ordinary Share.



Following this transaction, Sally Davis has a beneficial interest in 268,689 Ordinary Shares (231,781 of which are held by the Company's joint share ownership plan on behalf of Mrs Davis) representing approximately 0.2% of the Company's total voting rights.

2 Jan finnCap 110.00 Corporate

Trading Update
RNS
RNS Number : 8171C
CityFibre Infrastructure Hldgs PLC
22 January 2015



For immediate release
22 January 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Trading Update



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, announces the following trading update for the year ended 31 December 2014.



The Board is pleased to confirm that full-year financial results will be in line with current market expectations. CityFibre has successfully converted a number of contract wins in the period, and continues to unlock significant levels of incremental business across its existing asset base.



Key highlights:



· The Joint Venture with Sky and TalkTalk for a Fibre-to-the-Home (FTTH) trial in York commenced its first phase of deployment in October 2014 and is progressing apace, with commercial launch expected later this year;

· The national framework agreement with Three UK, EE, and MBNL saw the first phase of the Fibre-to-the-Tower (FTTT) deployment in Hull completed before Christmas, on time and on budget;

· The Peterborough CORE network deployment, commenced in April 2014, was completed on time. As at 31 December 2014, 86 of the 106 public sector anchor sites were connected, with the balance anticipated to be connected by the end of February 2015;

· Following a successful business pre-registration programme in Peterborough, as at 31 December 2014, 64 businesses had successfully been converted to contracts with service provider partners, representing a 1.5% penetration of all businesses in Peterborough in a period of only eight months;

· The York CORE network added £0.8m in new total contract value (TCV) in the second half, bringing the total for the year to £1.2m, an increase of 283% versus the prior year. Capex associated with incremental TCV during the period was £0.5m, bringing cumulative TCV/capex on the York network to 124%, from 118% in the first half, and from 113% as at 31 December 2013;

· Pro forma for contracts in-build and announced during the period, the Company's network footprint should extend to 750 route kilometres of local access fibre when completed;

· Business pre-registration campaigns in Coventry, Kirklees, and Aberdeen are demonstrating strong pent-up demand consistent with the experience in Peterborough;

· Reseller/service provider relationships at year end totalled 25, up from 16 as at 30 June 2014;

· Continued progression of pipeline opportunities across all four market verticals, with active discussions ongoing with 25 city councils.

The Company expects to announce its full year results for the year ended 31 December 2014 on Monday 23 March 2015.



Greg Mesch, Chief Executive Officer of CityFibre, commented:

"2014 was a hugely successful year for CityFibre, with four new city project wins, a landmark Fibre-to-the-Home JV with Sky and TalkTalk, two of the UK's leading broadband service providers, a national framework agreement for Fibre-to-the-Tower with two leading mobile network operators, and £46.5m in equity raised. The underlying business continues to perform to plan, with strong incremental contracts being delivered in York, good initial contract conversion in Peterborough, and promising pre-registration levels in our expansion markets. The demand we're seeing in the four market verticals in which we operate is strong across the board. This reflects the compelling need for a fit-for-purpose local access broadband infrastructure capable of serving a market where IP traffic is growing at a compound annual growth rate of more than 20%. We remain strongly capitalised and well-positioned for further growth in 2015, and I look forward to updating the market further in March."

-------------------------------------------------------------------------------------------------


22 Jan finnCap 110.00 Corporate
22 Jan Liberum Capital 114.00 Buy

23 Jan Beaufort... N/A Speculative Buy
23 Jan Liberum Capital 114.00 Buy
22 Jan finnCap 110.00 Corporate
22 Jan Liberum Capital 114.00 Buy


Shares, A genuinely unique play on the UK fibre networks roll-out based on rapidly growing demand for superfast connectivity and bandwidth across the UK regions.
Profits remain some way off and debt funding will power growth, but City Fibre promises to turn into high dividend-paying virtual equity bond over coming years.

First win in Wales with Logicalis
RNS
RNS Number : 0499E
CityFibre Infrastructure Hldgs PLC
04 February 2015



For immediate release
4 February 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



CityFibre announces first win in Wales with Logicalis



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce a partnership with Logicalis, the global provider of IT solutions and managed services, to construct a 'Community Safety Network' - a high capacity resilient pure fibre ring - in Newport, Wales' third largest city.

The project was awarded under the UK's Public Services Network (PSN) framework and is the first for CityFibre in Wales, marking the second win for CityFibre's dark fibre solutions in partnership with an accredited provider to the framework, following the deal with the metropolitan borough of Kirklees, announced in August 2014.

The initial fibre deployment in Newport will connect over 40 sites and will be designed to accommodate the growing community safety estate. The network will allow Newport City Council to harness future smart technologies as the city evolves, including ultra-high definition CCTV, digital information boards, and traffic and alarm monitoring applications.

As with previously announced projects, CityFibre expects over time to expand beyond the initial scope of build-out to encompass potential further opportunities including additional public sector sites, businesses, mobile cell sites and the residential broadband segment, under its Gigabit City model.

Greg Mesch, Chief Executive Office of CityFibre, commented:

"This project forms an essential part of transforming Newport into a modern, fully connected, digital city and we are delighted to be working alongside Logicalis, a prominent name in both the public sector and enterprise space. Their selection of us as partner is a powerful endorsement of CityFibre's model, and we look forward to exploring further PSN opportunities with them.

"As we move ever closer to living in a truly connected world, the network that runs throughout UK cities will increasingly act as the arteries that allow it to consistently evolve, technologically, for the benefit of its residents. We believe CityFibre will play an ever increasing role in the evolution of that vision as the demand for future proof gigabit connectivity continues to grow."

Mark Starkey, Managing Director of Logicalis added:

"We have been working with the local authorities in Wales for a long time now and are continuing to build on that collaboration. There is huge potential to transform Welsh cities by installing future-proof fibre networks and support community-changing initiatives such as this through the exploitation of this infrastructure. We see this project in Newport as the first step on a long-term partnership with CityFibre."

5 Feb Liberum Capital 114.00 Buy
5 Feb finnCap 110.00 Corporate

Please Note - Streaming News is only available to subscribers to the Active Level and above



CityFibre brings Gigabit City vision to Edinburgh
RNS
RNS Number : 3215G
CityFibre Infrastructure Hldgs PLC
03 March 2015

For immediate release
3 MARCH 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



CityFibre brings Gigabit City vision to Edinburgh



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce that it has signed an agreement with leading Scottish network service provider, Commsworld, for the first phase of deployment of pure fibre network infrastructure in Edinburgh.



The initial 50km, of an anticipated 150km build, is backed by a contractual commitment from Commsworld to migrate a significant proportion of its large existing base of business customers onto CityFibre's new fit-for-purpose infrastructure. As in all its previously announced projects, the Total Contract Value ("TCV") to capex coverage ratio during the build is anticipated to be well within the Company's previously stated range.



The initial new network deployment will bring gigabit connectivity to within reach of an estimated 7,000 businesses, and establishes Edinburgh as CityFibre's next Gigabit City project.



Construction will commence this summer, and initial planning is already underway. As with CityFibre's other Gigabit City projects in Coventry, Peterborough, York and Aberdeen, the network will be deployed in-line with the company's "Well Planned City" design philosophy. This highly-sophisticated planning approach optimises network design and deployment to accommodate current and future capacity requirements from all aspects of a city's community under a shared infrastructure model.



Greg Mesch, Chief Executive Officer of CityFibre, commented:

"CityFibre has gathered considerable pace in the last 12 months and we are delighted to be embarking on our biggest Gigabit City project yet, which underlines the scale of our ambition. With thriving financial, tech and media sectors, Edinburgh's businesses are poised to take advantage of a digital head-start, providing them with a competitive advantage at home and abroad. We are seeing huge demand for ultra-fast connectivity and as we continue this shift from manufacturing to service based economies, a modern digital infrastructure could not be more critical to a city's success.



"Commsworld is a perfect partner with which to transform Edinburgh's digital landscape and we look forward to demonstrating the capabilities and contribution of next generation infrastructure to both the public and private sectors."



Richard Nicol, Chief Executive Officer of Commsworld, commented:



"As a company constantly looking for new ways of improving communication solutions for businesses, we are hugely excited to have partnered with CityFibre to bring the benefits of pure fibre connectivity to our customers and to the City of Edinburgh as a whole. Ultra-fast, gigabit connectivity appeals hugely to digitally dependant businesses and this is only going to grow with time. It will soon become the standard, driving productivity, innovation and the bottom line."



John Sweeney MSP, Deputy First Minister and Cabinet Secretary for Finance, Constitution and Economy, said:

"I am delighted to welcome CityFibre's substantial investment in Edinburgh's digital infrastructure. The future-proofed fibre infrastructure that will be delivered, alongside CityFibre's recently announced investment in Aberdeen, will make a key contribution to our vision of Scotland having world class digital connectivity by 2020.

"CityFibre's partnership with Commsworld, a respected and established Scottish digital business, will support the growth of Edinburgh's thriving business community as well as other bandwidth hungry organisations in the city. Over time, this future-proof infrastructure will support the roll-out of ultra-fast Fibre-to-the-Premises services for residential customers as well as 4G and 5G services.

"As Scotland's largest Gigabit City, Edinburgh will have a unique selling point as one of the foremost digitally connected locations anywhere in Europe and we are delighted to see CityFibre continue its investment in Scotland."

3 Mar finnCap 110.00 Corporate

Completion of Peterborough network construction
RNS
RNS Number : 8360H
CityFibre Infrastructure Hldgs PLC
19 March 2015

For immediate release
19 March 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Completion of Peterborough network construction



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the completion of its Peterborough network deployment, and the conversion of 102 pre-registered business customers to a contractual relationship.



Pending the handover of a final group of council sites, CityFibre has completed the construction of its 90km Gigabit City network in Peterborough, less than 11 months from starting construction. Known as the Peterborough CORE, the network connects 107 public sector sites, including administrative offices, data centres, schools and hospitals, providing a future-proofed network for Peterborough Council and its IT services provider, Serco.



As part of CityFibre's 'Well Planned City' network design, the Peterborough CORE has been deployed to benefit the city's previously underserved business community. More than 1000 businesses (25% of the businesses in the city) registered their interest in services as part of the 'Gig Up Peterborough' pre-registration campaign. To date, 102 businesses have now signed orders for services from CityFibre's service provider partners including Businesscoms, Rydal Communications, Consulting Networks and Cyberware.



Consistent with the Company's demand-led approach to incremental investment, demand aggregation activities have triggered network extension to four new business parks in the city including Fengate, Lynch Wood, Cygnet Park and Orton Southgate. Deployment to these areas, not included in the original network plan, will bring gigabit connectivity within reach of a further 1000 businesses.

Greg Mesch, Chief Executive Officer of CityFibre, commented:

"In less than one year Peterborough has been transformed into a Gigabit City. With a future-proof digital infrastructure at its heart, Peterborough has a digital head-start on the rest of the country. Its public sector is already more efficient and capable of innovation, while its business community is becoming more competitive and productive.



"Through Peterborough's Gigabit City project we have demonstrated the appetite for next generation gigabit services by both the public and private sector and the speed at which cities throughout the nation can benefit from our model. Our network is already growing organically as more sites are connected and more users come to understand the improvements which gigabit connectivity can deliver to their experience and bottom line."

Marco Cereste, Leader of Peterborough City Council, commented:

"We cannot overstate the value of a gigabit speed digital infrastructure to our city. As a Gigabit City, we have a significant competitive advantage over other areas and are able to lead the way with an innovative and integrated digital strategy. Businesses are hungry for bandwidth and we recognise that because of this network, Peterborough is becoming an even more attractive place to build a business."

Final Results
RNS
RNS Number : 1135I
CityFibre Infrastructure Hldgs PLC
23 March 2015

For immediate release
23 MARCH 2015






DELIVERING THE GIGABIT REVOLUTION



CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group')



AUDITED FULL YEAR RESULTS FOR THE YEAR ENDED 31 DECEMBER 2014



CityFibre (AIM: CFHL), a leading designer, builder, owner and operator of fibre optic infrastructure to enable gigabit connectivity in UK towns and cities, today reports full-year results for the Group for the year ended 31 December 2014.



Financial Highlights:



•
Revenue increased 105% to £3.8m;

•
New contracts totaling £11.1m in value signed during the year;

•
Gross profit increased 117% to £3.3m;

•
Gross margin expanded from 81% to 85%;

•
Adjusted EBITDA loss of £3.6m, in line with expectations, reflecting ongoing investment in long-term growth opportunities;

•
Network capex of £4.7m, up from £0.7m in 2013;

•
Cash balance at period end of £33.2m; this includes £29.0m of short-term deposits.




Operating Highlights:



•
£46.5m in gross equity raised during the period

•
New city wins demonstrating great progress in establishing new anchor mechanisms across all verticals of the business (PSN, Mobile, Business, Consumer) -


○
Acquisition of Coventry Metro Area Network asset, adding 306 connected customer sites and 62% additional fibre footprint to the CityFibre portfolio;


○
First PSN national framework win with Easynet to connect public sector sites in Kirklees;


○
First new city anchor based on aggregation of business segment demand, in partnership with Internet For Business in Aberdeen;

•
Local access network route kilometres grew by 91%, to 543km. Connected customer sites nearly doubled, to 885 as at 31 December 2014. Reseller and service providers on-net up to 25 from 2 at the start of 2014;

•
Strong business community interest in Peterborough, reflected in 1,000 businesses pre-registered, and 64 under contract at period end;

•
Landmark Joint Venture ("JV") signed with Sky and TalkTalk to deploy a trial city-wide Fibre-to-the-Home (FTTH)/Fibre-to-the-Premises (FTTP) network in York;

•
National framework agreement signed with EE, Three UK and MBNL to deploy the UK's first dark Fibre-to-the-Tower network. First phase of construction complete at period end.




Post Period End Highlights:



•
Phase 1 contract to construct Community Safety Network with global ICT specialist Logicalis under PSN framework in Newport;

•
Edinburgh selected as next Gigabit City via contract with Commsworld for migration of business leased circuits. Initial network deployment of 50km out of an anticipated 150km build;

•
Continued conversion of business segment demand in Peterborough, with 102 customers now under contract in March.






Greg Mesch, Chief Executive Officer of CityFibre, commented:



"2014 was a truly transformational year for CityFibre in which we secured four new city project wins, a landmark joint venture with Sky and TalkTalk, a national framework agreement with two leading mobile network operators, and £46.5m of additional equity funding. This incredible achievement is testament to the underlying strength of our business model. In addition, we are seeing consistent growth across all our footprints.



"The ongoing demand for gigabit connectivity continues to generate significant interest across our four key vertical markets. This robust demand for next generation infrastructure reflects the compelling need for a fit-for-purpose, local access broadband network capable of delivering gigabit capability to towns and cities where internet and mobile traffic is growing at more than 20% per annum.



"We have started 2015 well, with £6m in new contracts added so far in the first quarter. The business is strongly capitalised and remains well-positioned to deliver further growth and gain ongoing market traction in 2015."

23 Mar Liberum Capital 114.00 Buy
23 Mar finnCap 115.00 Corporate

York FTTH JV completes first tranche
RNS
RNS Number : 4850I
CityFibre Infrastructure Hldgs PLC
26 March 2015

For immediate release
26 March 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



CityFibre announces completion of first phase FTTP roll-out in York with Joint Venture partners Sky and TalkTalk



CityFibre (AIM: CFHL), a leading designer, builder, owner and operator of fibre optic infrastructure to enable gigabit connectivity in UK towns and cities, today announces that the Joint Venture with Sky and TalkTalk to build a city-wide, pure fibre-to-the-premises network in the City of York, has successfully completed the first phase of its construction.



This first phase has focused on enabling the Joint Venture partners to validate key network design principles, engineering processes and deployment economics. Based on the encouraging results and progress of this first phase, the Joint Venture has now approved the next phase of deployment, which will accelerate and increase the scale, bringing gigabit speed connectivity to thousands more properties in York.



The project will continue to develop and test the optimal FTTP deployment methods and the ability to scale roll-outs in order to create a state of the art pure fibre network fully independent of BT Openreach's infrastructure. The network will be deployed and tested in preparation for the launch of services by Sky and TalkTalk later in the year.



Greg Mesch, CEO at CityFibre said: "We are really pleased with what we have accomplished so far. As a team, Sky, TalkTalk and CityFibre have validated a network design for true ultra-fast Fibre to the Home (FTTH) for residents and Fibre to the Premises (FTTP) for business users. This next phase will accelerate the deployment and will further help to determine the scalability of the infrastructure. Without the bottlenecks that exist in traditional networks, an ultra-fast fibre infrastructure will future-proof a city, offering superior quality of service and higher speeds as demand for bandwidth increases."



Ends

//////////////////////////////////////////////////////////////////////////////////////////////////




26 Mar Liberum Capital 114.00 Buy
26 Mar finnCap 115.00 Corporate

New contract win in Kingston-upon-Hull
RNS
RNS Number : 9118I
CityFibre Infrastructure Hldgs PLC
31 March 2015

For immediate release
31 MARCH 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



NEW CONTRACT WIN IN KINGSTON-UPON-HULL



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, today announces a new contract with Hull-based wireless broadband ISP Purebroadband.



Under the £0.5m contract, CityFibrewill replace Purebroadband's existing wireless backhaul solution connecting 12 hub sites in a ring round the city. The partnership will significantly boost internet speeds and network efficiency to thousands of businesses and homes using Purebroadband's services in Hull. It will also allow Purebroadband to dramatically increase its current capacity as it continues to cement itself as a viable alternative provider of broadband to Hull's 200,000 business and residential internet users.

The contract is the latest step in CityFibre's commercialisation of its Hull fibre network project. The Company began a 62km fibre rollout, based on its 'Well Planned City' design in late 2014 to deliver backhaul connectivity to mobile operators EE and Three UK, completing all city centre routes before Christmas. The network has been designed to accommodate current and future capacity requirements from the business community, public sector, mobile operators and datacentre providers.



John Pulley, Head of City Sales at CityFibre, said:

"We're very excited by the opportunity of working with Purebroadband in Hull to enhance both the quality of service, affordability and accessibility of next generation connectivity solutions in the community. We are seeing increasing interest from Service Providers to accessing businesses and consumers in Hull. CityFibre now provides a long overdue and credible infrastructure alternative in the local market, increasing competition and driving better services for all customers."

Joe Tandey, Operations Director at Purebroadband, said:

"More and more residents and businesses are looking for an alternative to Hull's incumbent operator, and our services are a perfect high-speed option. By upgrading our backbone with dark fibre from CityFibre, we will be able to offer an even better broadband service to our existing customers as well as accelerating our customer acquisition programme in Hull."

Construction of Edinburgh CORE Commences
RNS
RNS Number : 8689O
CityFibre Infrastructure Hldgs PLC
02 June 2015

For immediate release
2 JUNE 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Construction of Edinburgh CORE Commences



Edinburgh CORE to bring ultrafast internet access to 7,000 businesses



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce that construction has commenced on the first phase of the Edinburgh CORE network.

Under the agreement with leading Scottish business ISP Commsworld previously announced in March 2015, the first phase of the new network, a 50km deployment in the city centre, will bring the benefits of ultra-fast gigabit internet connectivity within reach of an estimated 7,000 businesses beginning in late summer, 2015.

The exact network route of the Edinburgh CORE will be influenced by demand, and CityFibre has now launched its 'Gig Up Edinburgh' campaign enabling businesses and institutions to register their interest in ultra-fast internet connectivity on the www.edinburghcore.com website. Registration is no obligation to take service, but means the registered business' location will be factored into the network plan. Registered businesses will also be checked for eligibility for a government voucher scheme* which offers grants of up to £3,000 for businesses to connect.

The Edinburgh CORE will be designed using CityFibre's 'Well Planned City' model, which accommodates all current and future bandwidth requirements from the business community, public sector, mobile operators and datacentre providers. It also lays the infrastructure foundation for a full fibre to the home roll-out in due course.

The Edinburgh CORE will be a major catalyst to the growth of Edinburgh's substantial digital economy. It is estimated that close to 18,000 people are directly employed in the city's tech sector, which has a yearly growth rate of about 33%. Despite this growing industry and the city's established financial services sector, a recent CityFibre/YouGov survey found 31% of regional companies have regular concerns about the negative impact poor Internet access has on their business.

Greg Mesch, Chief Executive Officer of CityFibre, commented:

"Edinburgh is one of the most economically significant cities in the UK. Its reputation as an established financial hub is complemented as it is increasingly becoming the location of choice for a new generation of tech start-ups and innovative businesses.

"As businesses of all types become more digitally reliant, they can be confident that there will be a world-class digital network - the Edinburgh CORE - to support them. As we plan the rollout it is essential that businesses register on our website to ensure that the network reaches them and that it delivers maximum benefit to the city's business community."

Richard Nicol, CEO of Commsworld, said:

"This is a project of huge significance for the city and one that will future proof Edinburgh for many years to come. The Edinburgh CORE will enable Commsworld to offer a new generation of affordable, Gigabit business services that will transform the way our city does business.

"As planning is well underway, I would urge any business that wants a digital headstart and a competitive advantage to register their interest online. With no obligation to take services it will ensure you won't get left behind."

Cllr Frank Ross, Convener of Economy Committee, City of Edinburgh Council said:

"This level of commercial investment to improve the city's connectivity is great news for Edinburgh. The Gigabit City announcement and launch of the Edinburgh CORE network for business fits well with our aspiration that Edinburgh becomes one of the UK's best digitally connected cities. The fact that Commsworld is a leading Scottish Telecoms Network provider, and an Edinburgh SME, makes this announcement even more exciting for our business community and I urge them to get behind the Gig Up campaign and register their interest."



- Ends

*The 'SuperConnected Cities' scheme launched by the Government's Department for Culture, Media and Sport offers vouchers of up to £3,000 for SMEs to access ultra-fast connectivity. All businesses registering for the Edinburgh CORE will be evaluated for the voucher scheme. For further information, visit www.connectionvouchers.co.uk

2 Jun Liberum Capital 114.00 Buy

Kirklees Project Update
RNS
RNS Number : 4940Q
CityFibre Infrastructure Hldgs PLC
18 June 2015

For immediate release
18 JUNE 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Kirklees Project Update



CityFibre completes first 20% of Kirklees CORE roll-out and announces first service provider partner Abzorb

CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, today confirms that Kirklees is well on its way to becoming one of the best digitally connected regions in the UK as its 72km ultra-fast, pure fibre network reaches 20% deployment.



The network, built by CityFibre, is designed to serve Kirklees' business community with future-proof internet connectivity. Abzorb will be the first service provider to deliver services over the CORE network, and CityFibre will announce further partners as they come on board. Abzorb will be offering businesses gigabit speed services and communication solutions providing real productivity advantages.



Construction began apace in March 2015 and the first businesses and public sector sites in Huddersfield will be able to receive services over the gigabit speed fibre network from September. Construction of the infrastructure began in the town centre and will be extended across the town over the next 12 months.



To date over 250 local businesses have registered their interest on the Kirklees CORE website and those businesses looking for faster, more agile services are urged to do the same at www.kirkleescore.com. Registration is not an obligation to take service, but by registering, organisations can signal their desire to be included in the network route. Registered businesses will also be checked for eligibility for a government voucher scheme* which offers financial grants to cover connection costs.

Greg Mesch, Chief Executive Officer of CityFibre, commented:

"We are delighted that construction work has begun, and our carefully planned roll-out will start to bring gigabit connectivity to business from September this year. It's great to have Abzorb, a Yorkshire based service provider with over 20 years' experience serving local and national businesses, on board and offering services today. We urge businesses to register their interest on the Kirklees CORE website, to take advantage of this opportunity to increase their productivity and profitability."

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Peterborough project update
RNS
RNS Number : 2929R
CityFibre Infrastructure Hldgs PLC
26 June 2015

For immediate release
26 JUNE 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Peterborough project update



Contracted businesses double in the first half, breaking through 3% market penetration



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to provide the following progress update on its Peterborough CORE project.



To date, 126 local businesses have entered into network service contracts with CityFibre's service provider partners, a doubling from the level achieved at the end of 2014. This represents 3.2% penetration of the total addressable business market, and a 12.6% conversion rate from the base of businesses which took part in the pre-registration campaign mounted by CityFibre during network construction.



In addition, the total contract value ('TCV') associated with these 126 business contracts is £1.7m, representing a 43% increase in cumulative TCV on the network asset since the initial public sector anchor contract.



Greg Mesch, Chief Executive of CityFibre, commented:

"Peterborough continues to serve as a compelling example of how a business market underserved by existing network suppliers can be reinvigorated by new gigabit infrastructure which is CityFibre's bread and butter. The continued strong uptake experienced in the first half of the year is testament to the impact of both our pre-registration campaign and our strong relationships with local service providers.

"Our team only broke ground on the project in April 2014, and to find ourselves at 3.2% penetration of the business market in little over a year is a powerful endorsement from the local community of the impact our Peterborough CORE can deliver to the area's economy. This level of penetration also means we've nearly achieved half of our internal five year target within the first year of network operation."

Edinburgh project update
RNS
RNS Number : 0708S
CityFibre Infrastructure Hldgs PLC
03 July 2015

For immediate release
3 JULY 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Edinburgh project update



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce developments in its Edinburgh CORE project, announced in March.



In June 2015 CityFibre launched its 'Gig-Up Edinburgh' campaign, enabling local businesses and institutions to register interest in ultra-fast internet connectivity. In the first month since launch, over 200 local businesses have registered their interest. This is over and above the connections committed under CityFibre's anchor tenant agreement with local service provider, Commsworld.



Businesses can continue to register their interest in CityFibre's ultra-fast internet connectivity on the www.edinburghcore.com website. Registration is not an obligation to sign up to services, but enables CityFibre to plan its network construction to accommodate this demand.



In addition, Commsworld has also signed contracts with a number of new customers, including The Edinburgh International Conference Centre, Apex Hotels and The Law Society of Scotland, all of whom will benefit from the enhanced connectivity which CityFibre's Edinburgh CORE network will bring to the city's business community.

Greg Mesch, Chief Executive of CityFibre, commented:

"We are delighted that the Edinburgh CORE is off to such a strong start and we are very encouraged by the response from businesses in our first month of pre-registration. In addition, it's great to see our partner, Commsworld, already securing new customers on the promise of the better value and quality of connectivity which our network will deliver."

Andy Arkle, Commercial Director of Commsworld, added:

"We have been delighted by the strong response of Edinburgh's business community to the Gigabit City project and pre-registration campaign. Our customers are excited by the opportunity and we anticipate the majority of them migrating to the Edinburgh CORE network over time. We have also seen significant interest from other businesses in the city, including some well-known names, for the new generation of gigabit speed services that will soon be available from Commsworld."

New business update
RNS
RNS Number : 4445S
CityFibre Infrastructure Hldgs PLC
08 July 2015

For immediate release
8 JULY 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



New business update



A record month for new business on the York CORE network



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to report that its flagship York CORE network enjoyed a record month for new sales in June 2015.



In total, the Company signed contracts covering 70 new connections during the month, for a total contract value ('TCV') of £527,000. The new connections span a diverse range of sites, including public safety (school security and traffic enforcement CCTV), business and data centre connectivity, and landmark public sector amenities such as the York Theatre Royal and the York Eco Business Centre.



The latest additions to the network take the incremental TCV added to the York project to £3.4m, an increase of 79% over the initial anchor contract. In keeping with the Company's financial return targets for incremental business, TCV/capex coverage on these new connections is well in excess of 100%, with an average payback period of 24 months.

Greg Mesch, Chief Executive of CityFibre, commented:

"These latest sales figures from York are a great validation of the ongoing demand for fibre connectivity to every conceivable category of end user under our Gigabit City model. We started out under the York anchor contract with just 105 connected sites, and this latest set of connections will take us to 348 across the city, or roughly three connections per kilometer of network. This is well ahead of international benchmarks and underlines the strength of our shared infrastructure model. Moreover, the financial metrics of new business remain strong, in line with our long-term strategy of delivering high returns on incremental capital deployed."

Aberdeen project update
RNS
RNS Number : 1778T
CityFibre Infrastructure Hldgs PLC
16 July 2015

For immediate release
16 July 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Aberdeen Project Update



- Two new service providers join IFB on the Aberdeen CORE

- Construction in the city centre reaches completion as first customers are connected



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to provide an update on progress in its Aberdeen CORE project.

As construction of the Aberdeen CORE reaches completion in the city centre, two new ISPs, Commsworld and Converged Communications Solutions ('Converged'), have now joined CityFibre's anchor service provider and launch partner Internet For Business (IFB) to offer ultra-fast internet services to business in the city. The addition of the new partners takes Total Contract Value (TCV) contracted in Aberdeen to date to £1.25m.

Commsworld, a major Scottish ISP and CityFibre's launch partner on its Edinburgh CORE network project, has now introduced its own pure fibre services in Aberdeen. Launching a marketing and sales campaign and hiring a regional business development lead to focus on the city, Commsworld has already secured commitment from 26 new and existing customers to take services, including two sites for Veripos and four sites for Arnold Clark.

Providing further choice for Aberdeen's business community, Converged, an ISP with 10 years' experience building innovative communication solutions for businesses, is now also offering services in Aberdeen.

In addition, IFB has launched its new headquarters and data centre in Altens (Aberdeen), and continues to successfully convert a strong pipeline of businesses to connections on the CORE as the network reaches their areas. IFB has already connected its first customers to the network, providing ultra-fast internet services to sites including Albyn School, one of Scotland's leading independent schools, and So Cafe, one of the newest venues in the city centre.

Greg Mesch, Chief Executive of CityFibre, commented:

"We're delighted with the progress of the Aberdeen project to date, and we're very pleased to welcome two more innovative partners in Commsworld and Converged Communications to Aberdeen. Together with IFB, they can provide businesses with a broader choice of next generation connectivity services, driving value and take-up throughout the city, and enhancing the local economy generally, which remains CityFibre's goal."

Kingston-upon-Hull project update
RNS
RNS Number : 5541W
CityFibre Infrastructure Hldgs PLC
20 August 2015

For immediate release
20 August 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Kingston-upon-Hull project update



CityFibre accelerates pace of commercialisation of Hull CORE network with wireless ISP Connexin



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce a new contract with Kingston-upon-Hull-based wireless broadband provider Connexin.



Under the 10-year deal, CityFibre will extend its existing and planned fibre infrastructure in Kingston-upon-Hull to 19 Connexin wireless hub sites, at a total contract value (TCV) of £0.6m. Combined with the previously announced contract with local ISP Purebroadband, this brings incremental TCV added on top of the Hull network anchor contract to nearly 40%.



CityFibre's Hull CORE network deployment, announced in November 2014, is designed to bring future-proof, resilient dark fibre connectivity to a significant number of cell sites operated by MBNL on behalf of national mobile operators EE and Three UK. The project is the first to be undertaken under the national framework agreement between CityFibre and EE, Three UK and MBNL. The initial deployment in Hull is now two-thirds complete, already bringing significant network performance improvements to EE and Three UK subscribers.



John Pulley, Head of City Sales at CityFibre, commented:

"We're delighted to welcome Connexin aboard as a service provider partner on our Hull CORE network. This latest deal demonstrates the strong pent-up demand for alternative connectivity solutions in Hull and illustrates our ability to add significant amounts of high-return incremental business on network assets, even whilst still in construction. It is extremely gratifying to have already added nearly 40% TCV over and above the anchor contract, while the network is still in construction. This represents a faster pace of commercialization than we have previously witnessed in other markets, and it's a great validation of the transformational impact that CityFibre's presence can have on a city's connectivity market."

CityFibre contract with Connexin
StockMarketWire.com
CityFibre, a leading designer, builder, owner, and operator of fibre optic infrastructure in towns and cities, has announced a new contract with Kingston-upon-Hull-based wireless broadband provider Connexin.

Under the 10-year deal, CityFibre will extend its existing and planned fibre infrastructure in Kingston-upon-Hull to 19 Connexin wireless hub sites, at a total contract value (TCV) of £0.6m.

Combined with the previously announced contract with local ISP Purebroadband, this brings incremental TCV added on top of the Hull network anchor contract to nearly 40%.

CityFibre's Hull CORE network deployment, announced in November 2014, is designed to bring future-proof, resilient dark fibre connectivity to a significant number of cell sites operated by MBNL on behalf of national mobile operators EE and Three UK.

The project is the first to be undertaken under the national framework agreement between CityFibre and EE, Three UK and MBNL.

The initial deployment in Hull is now two-thirds complete, already bringing significant network performance improvements to EE and Three UK subscribers.

At 8:25am: (LON:CFHL) CityFibre Infrastructure Holdings share price was +0.5p at 54.5p


Story provided by StockMarketWire.com

20 Aug Liberum Capital 114.00 Buy
20 Aug finnCap 115.00 Corporate

Edinburgh PSN contract award
RNS
RNS Number : 3436Y
CityFibre Infrastructure Hldgs PLC
08 September 2015

For immediate release
8 September 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Edinburgh PSN contract award



Edinburgh becomes UK's largest pure fibre city roll-out with a long term network extension deal with CityFibre and Commsworld reaching 300 new council sites



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce an extension of its existing Gigabit City project in Edinburgh to an additional 294 council-owned sites in an agreement worth at least £5.6 million.

The seven-year deal, with options to extend to a maximum of 19 years and a lifetime contract value of £16m, will be carried out in conjunction with national telecommunications provider Commsworld. It will replace the expensive, capacity-constrained copper circuits provided as part of a long-term contract by BT. The deal represents CityFibre's largest contract win to date and is one of the largest metro UK public services network awards in recent years.

On the basis of the initial seven-year term, this deal now takes total contract value (TCV) added in the current financial year to £15m, though on the full 19-year term of the deal this figure would exceed £25m. CityFibre added £11.1m in new contract value in financial year 2014. The TCV-to-capex ratio for the new contract is anticipated to be within previously stated guidelines.

The contract is part of a wider £186 million outsourced ICT procurement for the council won by global ICT firm CGI, which will create the single largest pure fibre city roll-out in the UK. The 100km network extension will future-proof one of the UK's largest unitary local authorities and will expand the 50km 'Edinburgh CORE' anchor network project delivered in partnership with Commsworld.



On completion in 12 months' time, the total number of connected buildings on the network will exceed 500. Existing construction teams already deployed on the Edinburgh CORE will ensure the roll out is dramatically accelerated and available to even more public sector, businesses and mobile cell sites. It is also designed to function as a backbone for any future deployment of fibre to the home connectivity.



Key sites to benefit from CityFibre's investment will include council offices, community centres and libraries. 137 primary and secondary schools will also benefit from increased bandwidth, up to 50-100 times faster. Edinburgh's 17,000 businesses also stand to benefit as the network grows to areas like The Gyle, which was not included in the first phase city-centre roll-out.



Greg Mesch, Chief Executive of CityFibre, commented:

"This is CityFibre's largest contract to date and in such a prestigious city as Edinburgh, it is a landmark in our growth as a firm. In a matter of months, CityFibre's partnership with Commsworld has begun a truly transformational infrastructure project in the city, and as the world's bandwidth consumption is set to triple in the next four years, Edinburgh is in an advantageous position to capitalise on the continued shift towards a digital economy.

"This contract solidifies the power of our Gigabit City model and the appetite from city leaders to embrace a new generation of infrastructure. We are now a true infrastructure alternative to BT Openreach."



Ricky Nicol, Chief Executive of Commsworld, commented:



"The reach and benefits of this network will have a hugely positive impact on Edinburgh as a whole but this would not be possible without CityFibre's investment in the fibre infrastructure that will allow Edinburgh to become one of the best connected cities in the world. Since we launched the Edinburgh CORE network together in May we have seen huge demand from businesses across all sectors and it is now set to be the biggest gigabit city project in the UK."



Cllr Alasdair Rankin, Convener of the Finance and Resources Committee, Edinburgh Council, added:



"In signing this contract we will transform the way we do business. One of the exciting things CGI will do through its chosen partners, including CityFibre and Commsworld, is speed up our move to greater online capability giving residents and businesses greater flexibility to engage with the Council and carry out their transactions digitally. This will make us a more efficient and effective organisation across our wide range of Council services."

8 Sep Liberum Capital 114.00 Buy
8 Sep finnCap 115.00 Corporate

Vodafone agreement
RNS
RNS Number : 2979B
CityFibre Infrastructure Hldgs PLC
06 October 2015

For immediate release
6 October 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



First contract from Vodafone under Master Services Agreement



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the first contract under a Master Services Agreement (MSA) with Vodafone Limited.



The MSA sets out standard contractual terms under which CityFibre may supply fibre connectivity to parts of Vodafone UK's national estate of mobile cell site locations, selected corporate customer locations, as well as additional interexchange connectivity to support the enhancement of its national network.



The first call-off under the agreement is in the City of York, utilizing CityFibre's existing 120km York CORE metro fibre network.

Greg Mesch, Chief Executive of CityFibre, commented:

"This contract from Vodafone marks yet another important milestone for CityFibre, following two years of engagement and negotiations with this important new partner. As an approved supplier to Vodafone, CityFibre now has the opportunity to bring enhanced pure fibre connectivity to Vodafone's customers. Furthermore, the addition of Vodafone to our partner ecosystem means that CityFibre has now secured trading relationships with the majority of Tier 1 service providers in the business and mobile connectivity markets."

6 Oct Liberum Capital 114.00 Buy
6 Oct finnCap 115.00 Corporate

As of last trade CityFibre Infrastructure Holdings PLC (CFHL:LSE) traded at 77.00, 0.00% below its 52-week high of 77.00, set on Nov 14, 2014.

CityFibre selects Glasgow as next Gigabit City
RNS
RNS Number : 9974G
CityFibre Infrastructure Hldgs PLC
26 November 2015

For immediate release
26 November 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



CityFibre selects Glasgow as next Gigabit City



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the selection of Glasgow as its next Gigabit City project. The Group has signed a 10-year deal with Inverness-based business ISP HighNet, under which HighNet will migrate 100 of its existing customers onto a new fibre network to be constructed by CityFibre in Central Glasgow.



This first phase of what is anticipated to be a significant network deployment programme in the city carries a total contract value (TCV) of £3m, with high TCV/capex coverage. Separately, HighNet has also committed to migrate a minimum of 50 customers onto the CityFibre network currently under construction in Aberdeen.



Following on from previously announced contract wins in Newport and Edinburgh, Glasgow is the third new city expansion announced during financial year 2015, and takes new lifetime TCV added during the year to approximately £29m.

Greg Mesch, Chief Executive of CityFibre, commented:

"We're delighted to be partnering with HighNet to launch Scotland's newest Gigabit City. HighNet have made this project possible and their strong customer base and impressive partner network will be crucial to its success. This announcement marks our third Gigabit City project in Scotland, and upon its completion, CityFibre will have an established network presence in Scotland's four largest cities, making us the largest wholesale fibre infrastructure provider in the country after BT Openreach."

Acquisition of KCOM Assets & Placing to Raise �80m
RNS
RNS Number : 8883I
CityFibre Infrastructure Hldgs PLC
14 December 2015

For immediate release
14 December 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Acquisition of National Infrastructure Assets from KCOM Group plc

Underwritten placing to raise £80.0 million





CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, today announces the conditional acquisition of certain national infrastructure assets of KCOM Group plc ('KCOM') (the "Acquisition") for a total consideration of £90.0 million together with an underwritten placing to raise £80.0 million at 50 pence per share (the "Placing"), through finnCap and Liberum, acting as joint bookrunners for the Placing.



The national infrastructure being acquired by CityFibre comprises approximately 1,100 route kms of metro network assets in 24 towns and cities, and a national long distance network totalling approximately 1,100 route kms that connects 22 towns and cities and offers connectivity into key data centres and wholesale internet peering points in London. The acquired assets do not include KCOM's network assets in Hull and East Yorkshire. The consideration is £90.0 million in cash, to be financed through a combination of the net Placing proceeds and debt financing, and which the Directors estimate represents a 45 per cent. discount to costs of constructing the networks.



Under the terms of the Acquisition, CityFibre will provide KCOM with access to the acquired infrastructure for a term up to fifteen years, subject to a minimum term of five years and a minimum revenue of £5.0 million per annum for those five years.



The Acquisition will expand CityFibre's footprint to 36 cities and major towns across the UK, providing pure fibre connectivity for use by regional and national service providers and mobile operators as a competitive wholesale alternative to BT Openreach.



The Acquisition constitutes a reverse takeover under Rule 14 of the AIM Rules for Companies and is therefore subject to shareholder approval. Accordingly, the Company has published an AIM Admission Document containing detailed information about CityFibre, the Acquisition and the Enlarged Group (further detail of which is included below) and explains why the Directors consider that the Acquisition and the Placing are in the best interests of the Company and its Shareholders as a whole and recommend that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting, to be held at the offices of Olswang LLP, 90 High Holborn, London WC1V 6XX at 10.00 a.m. on 12 January 2016.





Key transaction highlights include:



· Acquisition of metro networks in 24 towns and cities, including 21 towns and cities that are entirely new to CityFibre;

· Marks an acceleration in CityFibre's footprint expansion by five to seven years over the Company's organic growth plan and provides greater scope to supply national service providers;

· The combined footprint of 36 metro markets positions CityFibre as a national alternative to BT Openreach in the wholesale fibre infrastructure market;

· The Directors estimate a pro forma footprint of 36 metro markets with significant asset presence from day one - expanded footprint addresses 24,500 public sector sites, 7,000 cell sites, 245,000 businesses and 3.5 million homes, or approximately 15 per cent. of the UK market;

· Contractual agreement with KCOM anchors the Acquisition within the Company's usual TCV-capex guidelines, and forms a platform for future revenue through further provision of fibre connectivity to KCOM in the business and public sector markets;

· The addition of the national long distance network allows CityFibre to serve connectivity needs of national service providers, data centres and mobile operators in search of a genuine alternative to combined connectivity solutions offered by BT Wholesale.



The Company proposes to finance the Acquisition through the drawdown of £35.0 million of its new committed debt facilities of £100.0 million, on which EY acted as debt advisor, and by utilising part of the net proceeds of the Placing, of approximately £76.2 million.



Greg Mesch, Chief Executive Officer of CityFibre, commented:

"We are pleased to announce this transformational acquisition, which we believe will accelerate our growth target by five to seven years, creating a credible alternative to BT Openreach across the UK. Furthermore, we are delighted to have received the support of our existing shareholders to fund this transaction, and we welcome new shareholders to the register.

"The acquisition of these assets represents a unique opportunity for CityFibre to increase its reach into 21 new markets, and enables this asset to be integrated into CityFibre's wholesale shared infrastructure model, opening up the use of the network to many users. Following the acquisition, CityFibre will have a national footprint covering 36 cities with abundant fibre capacity for use by national and regional service providers and mobile operators.

"The demand for greater connectivity and future-proof networks in the UK has never been greater, and there is increasing recognition of this need from all stakeholders in the market. The acquisition of these assets will enable CityFibre to significantly accelerate its Gigabit City roll out and play a very meaningful role in redressing the legacy of underinvestment currently plaguing the UK connectivity landscape."

14 Dec finnCap 130.00 Corporate
14 Dec Liberum Capital 138.00 Buy

Completion of Acquisition
RNS
RNS Number : 1981M
CityFibre Infrastructure Hldgs PLC
18 January 2016

For immediate release
18 January 2016








CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



Completion of Acquisition



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce that it has today completed the £90.0 million acquisition of certain of the national network infrastructure assets of KCOM Group plc, excluding the Hull and East Yorkshire areas.



This follows the announcements on 14 December 2015 in relation to the Acquisition and Placing, and approval of the Resolutions at the General Meeting of the Company on 12 January 2016.



CityFibre's expanded pro forma footprint, including existing assets, assets-under-construction, and acquired assets, thus comprises the following:



· Combined metro network route length of 2,100 kilometres, with significant presence in 36 towns and cities, 21 of which are entirely new markets for CityFibre;

· Addressable market estimated by the directors at 24,500 public sector sites, 7,000 cell sites, 245,000 businesses and 3.5 million homes, or approximately 15 per cent. of UK households;

· 1,100 kilometre national long distance network connecting 22 cities, allowing CityFibre to serve connectivity needs of national service providers, data centres and mobile operators in search of a genuine alternative to combined connectivity solutions offered by BT Wholesale;



As previously set out, KCOM Group plc will continue to serve its existing customers on the acquired networks via a framework agreement with CityFibre for a term up to fifteen years, subject to a minimum term of five years and a minimum revenue of £5.0 million per annum for those five years.





Greg Mesch, Chief Executive of CityFibre, commented:



"This is a momentous day for UK broadband infrastructure, which has seen no meaningful alternative investment for well over a decade. By combining the unique and highly attractive KCOM network assets with our own, we are well-positioned to tap into future growth in the rapidly evolving UK fibre market.



"With a significant presence in 36 cities, 21 of which are completely new markets for us, we are now established as a credible alternative to BT Openreach, and the largest independent provider of wholesale fibre infrastructure on a national basis.



"Moreover, the £180 million funding package we have closed equips us to push hard on commercialising the acquired assets, which we have already begun to do with our first new service provider relationship on the acquired Bristol network, as announced on 14 January 2016. It also funds our continued organic growth trajectory towards our medium term goal of dense network presence in 50 towns and cities, with an estimated addressable footprint of 35,000 public sector sites, 10,000 mobile cell sites, 350,000 businesses, and 5 million homes.



"This is a transformational acquisition which elevates us to a much more significant place in the UK network infrastructure arena and we look forward to continuing to prove out our strategy across a vastly expanded footprint."





Defined terms used in this announcement shall have the meanings set out in the Admission Document posted to shareholders of the Company dated 14 December 2015.

CityFibre's response to Ofcom's DCR
RNS
RNS Number : 1692Q
CityFibre Infrastructure Hldgs PLC
25 February 2016

For immediate release
25 February 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



CityFibre response to Ofcom's Strategic Review of Digital Communications



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, welcomes the recommendations published today by Ofcom following its Strategic Review of Digital Communications.



The report's conclusions are clear - that to meet the UK's current and future digital communication needs, and enable widespread availability of competing fibre-to-the-premises networks, a strategic shift to support large-scale investment in end-to-end fibre is required. To accelerate this, Ofcom recommends the promotion of investment and competition, and provisions such as the assurance of meaningful access to Openreach's physical infrastructure. The conclusions in today's report will considerably strengthen CityFibre's capability to drive forward an alternative fibre future for Britain.



It is clear from Ofcom's key strategic proposals that Openreach cannot, and will not, be allowed to remain solely responsible for delivering the fit-for-purpose infrastructure essential to fulfil the UK's digital potential. Healthy competition and continued investment in fibre from multiple companies is vital.

Ofcom's strategy to encourage fibre investment, improve competition, and to ensure meaningful and usable access to Openreach's physical infrastructure, creates a unique opportunity for alternative providers, such as CityFibre, to accelerate and extend new and existing roll-outs of next generation, ultrafast fibre-to-the-premises infrastructure projects nationwide.

Alternative infrastructure providers, such as CityFibre, play an increasingly crucial part in the landscape and we are encouraged to see the report explicitly reference its support for the large-scale deployment of ultrafast networks. Innovative infrastructure builders are already responding to demand from businesses and consumers for ever-increasing demands for pure fibre infrastructure and companies like ours are central to a shared goal of enabling the UK to compete and succeed in a digital age.

Ofcom also recognises that at a technological level, BT's continued strategic reliance on, and investment in, copper-based infrastructure - often masquerading as fibre - is inadequate to meet the soaring demand driven by new services and increased usage habits that the market continues to observe.

With major metro fibre networks in 36 UK towns and cities as well as our York project rolling out fibre- to-the-home with Sky and TalkTalk, CityFibre is the only wholesale competitor to Openreach. We will continue to respond to market demand and play a vital role in addressing the fibre connectivity needs for mobile operators, ISPs, the public sector and consumers.

The recommendations put forward in Ofcom's strategic review today only serve to strengthen our position and ability to respond to demand for our services across the UK in the near term.

Greg Mesch, Chief Executive of CityFibre, commented:

"We welcome today's recommendations from Ofcom, in particular the acknowledgement of the essential role that CityFibre and other independent investment initiatives must play if the UK is to fully realise the 'new fibre future' which Ofcom now envisages.

"Accordingly, we welcome Ofcom's decision to broaden and simplify third party access to Openreach's duct and pole assets, in order to speed up deployment and lower costs. This should greatly accelerate the pace of true fibre deployment across the UK, with cost benefits for alternative investors, potentially also including CityFibre if we determine it is advantageous to make use of these inputs.

"As the UK's standard-bearer for independent alternative fibre investment since our founding, our 36 city network footprint is highly attractive and competitive in such a new market environment, with ample duct and fibre capacity available well into the future, and we are very strongly positioned to compete as the new market takes shape.

"We have already proven in our York FTTH deployment with our partners Sky and TalkTalk that new future-proof infrastructure can be deployed by building upon the enabling infrastructure already in place, and today's conclusions from Ofcom are a clear validation of our vision and market offering."

First capacity deal on acquired long-haul network

RNS


RNS Number : 2780U

CityFibre Infrastructure Hldgs PLC

06 April 2016





For immediate release

6 April 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')



First capacity deal on acquired long-haul network



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, today announces the first sale of dark fibre capacity on its 1,100 kilometre national long distance network acquired from KCOM Group plc in January 2016.

The 15-year agreement, with Total Contract Value of £2.3m, is with leading national service provider SSE Enterprise Telecoms, and covers a 48 kilometre stretch of network between Reading and Slough. The transaction is structured as an indefeasible right of use (IRU), and thus the majority of the proceeds are received up front, with a small annual recurring charge over the remainder of the contract term.



CityFibre's acquired national long distance network (LDN) totals approximately 1,100 route kilometres, connecting 22 towns and cities. It offers connectivity into key data centres and wholesale internet peering points in London and regional internet hubs, allowing CityFibre to offer true end-to-end wholesale dark fibre connectivity solutions to service providers, datacentres, and mobile operators.



The deal establishes a powerful new trading relationship between the businesses and reinforces the commercial relevance and revenue generating capabilities of the LDN less than 90 days since its acquisition.

Greg Mesch, Chief Executive of CityFibre, commented:

"We're very excited to add SSE Enterprise Telecoms to our growing list of national service provider customers. This contract also demonstrates the pent-up demand for intercity dark fibre connectivity across our acquired national long distance backbone, and we're pleased to already be commercialising this valuable asset. This is our fourth deal signed on the acquired assets in the less than three months that we have owned them, following sales of 450 connections on the acquired metro networks in Bristol, Leeds and Bradford."

NOW UNDER THE EPIC OF CITY . NEW THREAD.