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.

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."

6 Apr Beaufort... N/A Speculative Buy
6 Apr finnCap 130.00 Corporate
5 Apr finnCap 130.00 Corporate

Final results for the year ended 31 December 2015

RNS


RNS Number : 4472V

CityFibre Infrastructure Hldgs PLC

18 April 2016


CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



AUDITED FULL YEAR RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, today reports full-year results for the Group for the year ended 31 December 2015.



Financial Highlights:



· Turnover up 67%, to £6.4m (2014: £3.8m)

· Gross profit of £5.5m, up 68%

· Gross margin further expanded to 86% (2014: 85%)

· Adjusted EBITDA loss of £2.9m, down from £3.6m in 2014

· Total Contract Value ('TCV') of £23.2m added in the period, up 109% from £11.1m in 2014

· Net loss after tax of £6.4m, improving from £7.0m in 2014



Operating Highlights:



· Direct fibre connected customer premises up to 1,200, from 885 in the prior period

· Completed route kilometres of ducted fibre increased to 743km, from 543km in 2014

· Service provider relationships numbered 41 at period end, up from 25 in 2014

· Three new city-wide metro duct and fibre infrastructure construction projects won: Newport, Edinburgh and Glasgow

· Master Services Agreement signed with Vodafone allowing for delivery of dark fibre across its footprint

· Joint Venture with Sky and TalkTalk progressing with delivery of gigabit speed FTTH within target economics. Sky and TalkTalk's Ultra Fibre Optic (UFO) brand launched to residential customers

· Acquisition of 24 city metro and national network assets (outside Hull and East Yorkshire) (the 'Acquisition') from KCOM Group plc ('KCOM'), for a consideration of £90.0m in cash



Post Period End Highlights:



· Readmission to AIM on 14 January 2016 via £80.0m equity placing at 50p per share

· Closing of acquisition of metro and long distance duct and fibre assets from KCOM (the 'Network Assets') on 18 January 2016

· Total funding package of £180.0m secured to fund the acquisition and future development of the assets, comprising £80.0m via the placing, alongside £100.0m in committed debt facilities

· Combined footprint (including projects under construction) of 2,150 route kilometres of metro duct and fibre assets and 1,100 route kilometre national ducted backbone network, addressing 26,000 public sector sites, 7,400 cell sites, 260,000 businesses and 3.7m homes in 37 towns and cities

· Southend-on-Sea anchor contract secured, 50km network to serve 120 public sector sites

· First new business on the acquired national long haul Network Asset in deal with SSE Enterprise Telecoms

· Year-to-date 2016 showing strong momentum, with £37.5m in new TCV including revenue committed under the Acquisition, 101 new customer connections and 107 kilometres added on the legacy CityFibre footprint, and 450 connections sold on the acquired metro footprint within 90 days of the acquisition close

· First quarter 2016 moved into positive adjusted EBITDA



Greg Mesch, Chief Executive of CityFibre, commented:

"I'm very pleased to report this set of results for 2015, a year which saw the Group fully deliver on its organic growth strategy, as well as making a truly transformational acquisition which advances our footprint expansion by five to seven years. We have more than doubled the contracted revenue on the books, added three new cities, and increased our service provider partner base to 41 relationships. The addition of the former KCOM assets to the portfolio now gives us significant presence in 37 cities across the UK, and now opens up our wholesale model to 24 of the top 30 cities outside London. So far in 2016, we've demonstrated rapid commercialisation of the acquired assets, which further underlines the strong demand for an alternative to BT Openreach at a national level."

18 Apr Liberum Capital 138.00 Buy
18 Apr finnCap 130.00 Corporate

11 May Liberum Capital 138.00 Buy
11 May finnCap 130.00 Corporate

Contract win

RNS


RNS Number : 8369Z

CityFibre Infrastructure Hldgs PLC

01 June 2016





For immediate release

1 June 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Contract win



CityFibre signs new partner agreement across Reading and Bracknell networks



CityFibre (AIM: CITY) today announces it has signed a contract with Between the Lines Communication ('BtL'), a Berkshire-based provider of integrated ICT solutions to the Enterprise and SME segments. The five-year, £3.1m agreement commits BtL to a minimum of 250 customer connections across the Reading and Bracknell networks acquired by CityFibre on 18 January 2016.



The agreement marks the seventh contract signed on the acquired assets in under five months. CityFibre has now signed agreements to bring seven of the 21 acquired city markets into commercialisation, in line with its stated strategy at the time of the acquisition. The additional contracts signed to date cover 1,200 customer connections and £18.8m in initial contract value.



Contracted revenue coverage of incremental capex associated with the new business in Reading and Bracknell is at the upper end of the Company's guidance range. Specific market launch timings for Reading and Bracknell will be released in due course.



Greg Mesch, Chief Executive of CityFibre, commented:

"We're very pleased to welcome BtL as our 48th service provider partner in opening up a further two cities on our acquired footprint. We continue to make good progress in the commercialisation of our expanded asset base. To put this in perspective, the 1,200 connections sold on the acquired assets in the first five months since deal completion are equal to our entire installed customer base at the end of 2015, and the contract value of nearly £19m added equates to 81% of all the new business we wrote in 2015. This demonstrates the ongoing strong demand for alternative wholesale fibre infrastructure in cities outside of London, where we are the sole alternative to Openreach."

1 Jun finnCap 130.00 Corporate

Master Services Agreement with Level 3

RNS


RNS Number : 0202C

CityFibre Infrastructure Hldgs PLC

23 June 2016





For immediate release

23 June 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



CityFibre agrees Master Services Agreement with Level 3

First call off in Edinburgh under new agreement



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the signing of a national Master Services Agreement ('MSA') with international network, voice and data services provider, Level 3 Communications Limited ('Level 3'). The Company also announces today the first call off under the MSA, across the Group's Edinburgh network.



The MSA sets out standard terms and pricing under which Level 3 can procure fibre from CityFibre's expanded network to service its numerous enterprise customers across the UK.



The first call-off under the MSA is a dark fibre metro ring on CityFibre's Edinburgh network, to which Level 3 will connect local customer sites.



Greg Mesch, Chief Executive of CityFibre, commented:

"We are delighted to be able to announce both the MSA and the first commercial call-off in Edinburgh with Level 3. This marks an innovative solution for CityFibre customers, in providing both a resilient dark fibre metro ring as well as additional connections to customer locations.

"This agreement demonstrates the enhanced relevance our UK footprint now has to international service providers providing solutions to the UK market. Clearly, with our expanded presence in 37 towns and cities across the UK, we offer increased scope for Level 3 to migrate customers to on-net dark fibre connections with significant advantages in terms of cost and solution architecture."

Trading update

RNS


RNS Number : 0628F

CityFibre Infrastructure Hldgs PLC

25 July 2016





For immediate release

25 July 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Trading update



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to provide a trading update for the six months to 30 June 2016.



The Group continued to see strong demand for its national fibre infrastructure in the first half, booking record levels of new orders.



Initial contract value added in the first six months totaled £53.8m, more than double the amount added in all of 2015 (£23.2m), and over six times the level added in H1 2015 (£8.1m).



New contracts signed in the period comprise 3,702 new customer connections, more than three times the total amount sold in all of 2015 (1,110), and over eight times the level added in H1 2015 (458).



Of the new connections sold, new anchor contracts represented 55%, and incremental business comprised 45%. Excluding the legacy KCOM customer connections in the acquired footprint, 93% of new connections sold in the period were incremental sales on existing assets.



The Company ended the first half with 49 service provider relationships, up from 33 one year ago and 41 at the end of 2015. Notable additions in the period were new trading relationships with Level 3 and SSE Enterprise Telecoms, who join CityFibre's growing ranks of national partners, including KCOM, Vodafone, MBNL, Three UK, Capita, Serco, Interoute, and Logicalis.



The Group's medium term target of a 50 city footprint is fully funded by the £80m equity placing and debt facilities of up to £165m closed in January.



Financial performance of the Group in the first half is in line with expectations for the full year.



The Company will announce financial results for the six months to 30 June 2016 on Monday 26 September 2016.

25 Jul finnCap 130.00 Corporate

Sheffield launch partner signing

RNS


RNS Number : 0578G

CityFibre Infrastructure Hldgs PLC

03 August 2016





For immediate release

3 August 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Sheffield launch partner signing



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the signing of a launch partner agreement for its acquired networks in the Sheffield metro area.



The six-year, £3.3m deal commits CityFibre partner Exa Networks to delivering 250 school and business connections under an existing national framework agreement, focused on the Company's network in Sheffield, and also brings the benefits of gigabit connectivity to schools and businesses in Doncaster and Rotherham.



Today's agreement takes the number of connections sold by CityFibre on the networks acquired from KCOM in January to 1,450, and the value of contracts sold on the assets to £22.1m.



Capex coverage on the contract is in line with the Company's stated guidance.



Greg Mesch, Chief Executive of CityFibre, commented:

"We're delighted to extend our framework agreement with Exa into Sheffield, Doncaster and Rotherham. With this latest call-off, we demonstrate our ability to leverage our expanded footprint and drive commercialisation of the acquired assets at pace, bringing 10 cities into commercial production within seven months of acquisition close. It also brings us within striking distance of 4,000 connections sold year to date."



The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Launch partnership with Onecom on Southend network

RNS


RNS Number : 3752J

CityFibre Infrastructure Hldgs PLC

09 September 2016





For immediate release

9 September 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Launch partnership with Onecom on Southend network



Onecom to become CityFibre's 50th service provider partner



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the signing of a commercial launch partner agreement for its Southend-on-Sea network currently under construction.



Hampshire-based business ISP Onecom, the largest service provider in the Vodafone Partner Programme by customer connections, becomes CityFibre's 50th service provider partner, taking the Company halfway to its medium-term target of 100 service provider relationships.



The five-year, £1.7m agreement commits Onecom to a minimum of 150 business customer connections across CityFibre's network of up to 100 kilometres currently under construction in the city.



With the conclusion of today's agreement, CityFibre has now sold a total of 270 connections on the Southend asset, representing an incremental unit sales uplift of 125% above the original anchor customer commitment in only six months.



Greg Mesch, Chief Executive of CityFibre, commented:

"We're delighted to add Onecom as our 50th service provider partner relationship and our launch partner to deliver superior pure fibre connectivity solutions to the business community in Southend. Onecom's national base of over 300,000 customer connections is testament to its established reputation for quality and customer service, making it an ideal addition to the CityFibre partner universe."

9 Sep finnCap 130.00 Corporate

Best-aim-companies-2016-named

AIM transaction of the year
This is an award that offers a number of different types of transaction. Blancco Technology (BLTG) sold its original core electronic repairs business to concentrate on its fast-growing data erasure and security operations. Part of the proceeds of the disposal were returned to shareholders and the rest is being used to grow the remaining business.
Aggregates supplier Breedon (BREE) announced the £336 million acquisition of Hope Construction Materials late last year, but completion was delayed by the competition authorities. Breedon had to sell 14 ready-mixed concrete plants for the deal to go ahead. This deal made Breedon, which started as AIM shell Marwyn Materials in 2008, into the UK's largest construction materials supplier.
At the turn of the year, fibre optic infrastructure developer CityFibre Infrastructure Holdings (CITY) paid £90 million for KCOM's network assets outside of the Hull area - a 45% discount on what it would cost to replicate them - and raised £80 million at 50p a share. This makes CityFibre more than five years ahead of where it would be in terms of organic growth and gives it a national presence.
MP Evans (MPE) has sold its cattle assets at a profit of $7.38 million and is concentrating on its Indonesian oil palm plantations. Net debt was $6.7 million at the end of June 2016, but the final disposal proceeds received in July were $79.7 million - with an estimated tax charge of $13.8 million payable on this figure. This provides cash to spend on land and planting oil palm.
Best guess: Breedon

CityFibre acquires duct and fibre network assets
StockMarketWire.com
CityFibre, a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, has acquired entire metropolitan local access duct and fibre network assets of Redcentric.

The acquired assets comprise 137km of duct and fibre networks serving 188 Redcentric customer connections, with principal footprints covering Cambridge, Portsmouth, and Southampton, along with complementary incremental coverage in the existing CityFibre footprints of Nottingham, Derby and Northampton.

With this agreement, CityFibre expands its metro fibre presence to 40 cities, including 25 of the top 30 cities outside Greater London.

At 9:35am:
(LON:CITY) Cityfibre Infrastructure Holdings Plc share price was +0.5p at 64p


Story provided by StockMarketWire.com

26 Sep
Liberum Capital
138.00
Buy


26 Sep
finnCap
130.00
Corporate

From the company site -CityFibre acquires all Redcentric duct and fibre networks





Press release September 26, 2016

Related News
CityFibre Provides Dark Fibre Connectivity To Purebroadband’s Wireless Network in Hull


The Economist discusses CityFibre and the acceleration of Gigabit network deployments worldwide


How pure fibre broadband will transform UK business – a guest blog from Broadband Genie


CityFibre and Fujitsu announce engineering agreement to roll out pure fibre infrastructure in UK


CityFibre adds Cambridge, Portsmouth and Southampton footprints, taking its presence to 40 cities
CityFibre has today completed the acquisition of all metropolitan local access duct and fibre network assets of leading IT Managed Services provider Redcentric. These assets total at least 137km. The deal accelerates CityFibre’s recent growth still further as it now owns 40 major UK metro networks, becoming an increasingly powerful national competitor to BT Openreach.
Pursuant to its strategy of growing footprint through acquisition of non-incumbent owned fibre infrastructure assets, the deal provides CityFibre with significant metro networks in Cambridge, Portsmouth and Southampton along with complementary incremental coverage in a number of existing city footprints including Nottingham, Derby and Northampton. It also saves CityFibre considerable time and millions of pounds in capex when compared to a self-build alternative.
In the £5m network acquisition, CityFibre has secured £4.5m in long term dark fibre leasing commitments from Redcentric who become a major new customer. Redcentric will continue to operate the fibre infrastructure to serve the connected customers. CityFibre’s new network will continue to serve 188 Redcentric customer connections. As part of the transaction, Redcentric has also entered into a framework agreement with CityFibre for the use of CityFibre’s infrastructure across its national footprint in future. As with all its network assets, CityFibre will soon make the new footprint available to its wholesale partners comprising business ISPs, public sector service integrators, mobile operators and data centres amongst others.
The newly acquired networks, such as the 44km footprint throughout Cambridge, are all routed to address local areas of identified high demand for high bandwidth services. This will be of immediate benefit to CityFibre’s partners. In Cambridge, the network reaches many of the city’s key science, business and research parks home to a vast range of the UK’s most successful high technology businesses. Once made widely available, the networks will also benefit the wider local communities as they attract inward investment and stimulate economic development.
Fraser Fisher, Chief Executive Officer of Redcentric said: “This disposal is in line with our strategy of control over our customer affecting core assets while not tying up capital where ownership is unnecessary. We will continue to service customers in Cambridge and Portsmouth exactly as before, and expect to generate additional revenues and network efficiencies over time as a result of our developing relationship with CityFibre.”
Greg Mesch, Chief Executive Officer of CityFibre said: “We’re delighted with today’s acquisition of fibre network assets from Redcentric, which takes us to an important milestone of coverage of 40 cities. Once again we’ve shown that underutilised legacy fibre assets can find a new home in which to flourish within CityFibre’s wholesale shared infrastructure model. We’re very pleased to have secured a deal structure which benefits both our new partner and us, and we look forward to working with Redcentric across our broader national footprint.”
ENDS
About CityFibre:
CityFibre is the national builder of Gigabit Cities, as the UK’s largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 40 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.
The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre’s networks address 28,000 public sites, 7,800 mobile masts, 280,000 businesses and 4.0 million homes.
CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY).

Capacity sale to euNetworks
RNS
RNS Number : 1439L
CityFibre Infrastructure Hldgs PLC
29 September 2016
 
For immediate release
29 September 2016
 
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
Capacity sale to euNetworks
 
First capacity sale on Manchester network to leading international metro fibre provider
 
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce a new contract with leading international metro fibre provider euNetworks for capacity on its Manchester footprint.
 
The £0.5m agreement provides euNetworks with access to the Group's 40-kilometre network in Manchester for a term of 15 years in order to serve its enterprise customer base across an expanded data centre footprint in the city. The transaction adds a further seven data centres in Manchester to the CityFibre footprint and euNetworks as CityFibre's 52nd service provider customer.
 
London-based euNetworks is a Western European provider of bandwidth infrastructure services, comprising 13 fibre-based metropolitan city networks in five countries, connected with a high capacity intercity backbone covering 45 cities in 10 countries.
 
 
Greg Mesch, Chief Executive of CityFibre, commented:
 
"We're very pleased to add euNetworks, a leading international fibre infrastructure provider, to our growing ecosystem of service provider customers. Today's agreement demonstrates the value of CityFibre's metro local access footprints outside the very competitive London market, which are highly complementary to the network presence of many leading enterprise carriers focused on the Capital. We look forward to working with euNetworks across our national estate in future."   
 
 

Three city launch agreement with Onecom
RNS
RNS Number : 4501L
CityFibre Infrastructure Hldgs PLC
03 October 2016
 
For immediate release
3 October 2016
 
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
Three city launch agreement with Onecom
 
Onecom expands relationship with CityFibre to Coventry, Leicester and Nottingham
 
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce an additional contract with existing partner Onecom, across its existing network assets in Coventry, Leicester and Nottingham.
 
The five-year agreement, with an initial contract value of £3.2m, commits Onecom to 300 incremental connections across the three footprints, and brings into commercial production the Nottingham and Leicester assets acquired in January 2016.
 
On 9 September 2016, CityFibre announced a new trading relationship with Onecom as commercial launch partner on its Southend-on-Sea network, which is currently under construction. Today's announcement adds a further three cities to the Onecom presence on the CityFibre national footprint.
 
As the largest operator in the Vodafone Partner Programme, Onecom will be leveraging its extensive expertise in the business connectivity market to offer ultra-low-latency gigabit services to business customers in the four CityFibre cities, allowing them to access cloud-based services, IP voice, video conferencing, and remote backup at speeds up to ten times faster than equivalent services, at lower prices. Access to CityFibre's extensive metro local access fibre networks makes the delivery of these services possible and will help Onecom to dramatically increase its market share with a differentiated fibre connectivity offering.
 
Greg Mesch, Chief Executive of CityFibre, commented:
"We're very pleased with the rapid development of our new relationship with Onecom. In less than a month, Onecom has expanded its presence on the CityFibre footprint to four cities - the fastest multi-city ramp-up of any of our partners to date. In the short time we've been working together, Onecom have recognised that our growing network footprint allows them to address their large and diverse national customer base with innovative and differentiated new gigabit fibre connectivity options at highly attractive prices. We look forward to further expansion of the relationship across our entire footprint."   
 
 
 
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This Company should stop giving the market good news as all that happens is the shares go down. With all the chat about Open Reach being too strong and BT not playing fair with the other providers this is a significant but small alternative. I am going to forget my investment until Jan 2018 when I believe I will look them up and see £ at the front of the share price.

I think this will start to move the day the company breaks even and profits roll.

New broker on board - 12:20 10/10/2016
Broker Forecast - Macquarie issues a broker note on Cityfibre Infrastructure Holdings Plc
Macquarie today initiates coverage of Cityfibre Infrastructure Holdings Plc (LON:CITY) with a outperform investment rating and price target of 93p. Story provided by StockMarketWire.com

I'm out . Don't like todays director sells.

15:10 10/10/2016
Director Deals - Cityfibre Infrastructure Holdings Plc (CITY)
Mark Collins, Executive Director, sold 210,000 shares in the company on the 10th October 2016 at a price of 60.00p. The Director now holds 162,987 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com
15:10 10/10/2016
Director Deals - Cityfibre Infrastructure Holdings Plc (CITY)
Greg Mesch, Chief Executive Officer, sold 210,000 shares in the company on the 10th October 2016 at a price of 60.00p. The Director now holds 572,803 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com
15:10 10/10/2016
Director Deals - Cityfibre Infrastructure Holdings Plc (CITY)
Robert Gary Mesch, Non Executive Director, sold 1,080,000 shares in the company on the 10th October 2016 at a price of 60.00p. The Director now holds 1,166,831 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

My post 21 looks even stronger now thanks to government announcement. I may now make a note to look them up in October next year rather than 2018. I agree with dreamcatcher the directors sales were not encouraging but maybe there is some truth in the reason. If the directors lack faith in the company someone could come in and steal it.
dreamcatcher are you going to return?

Hello Colin, yes will return. The company needs a few more contract wins.

Business Parks Initiative
RNS
RNS Number : 3595Q
CityFibre Infrastructure Hldgs PLC
29 November 2016
 
For immediate release
29 November 2016
 
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
Business Parks Initiative
 
Dense full-fibre networks will deliver growth in the UK's digital economy by empowering SMEs in business parks across CityFibre's 40 city footprint
 
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce that it has begun a roll-out of dense full-fibre networks in business parks across its 40 city UK footprint to reach more than 500 business parks. Over 22,000 SMEs will benefit from low-cost access to world-class, gigabit-speed internet services delivered over the new infrastructure in or near CityFibre's existing networks. The first parks targeted for upgrade are in the Company's Gigabit City projects Coventry, Bristol and Peterborough.
 
The full-fibre networks will be made available to Internet Service Providers (ISPs) and resellers on a wholesale basis, enabling CityFibre's partners to market a new generation of affordable, ultra-fast internet services. These will provide a major digital advantage to local businesses, dramatically increasing their productivity. An entry level, ultra-fast, symmetrical service will be available at an expected retail price of £120 per month.
 
CityFibre has already proven the demand for full-fibre connectivity in business parks in several of its Gigabit City projects. Pre-registration rates of over 60% have been recorded in many of the business parks surveyed on the current footprint. CityFibre will leverage its learnings of local market engagement, demand aggregation and product pricing to accelerate penetration rates.
 
The announcement marks a major new phase in the growing competition that CityFibre is providing to BT Openreach across the UK. CityFibre's aim is to expand to 100 cities by 2025, which would equate to fibre access for 60% of the UK's businesses and 40% of the UK's homes outside of London. The roll-outs will also serve as a full-fibre backbone to support the economic development of key development areas such as the Northern Powerhouse and Midlands Engine.
 
Greg Mesch, Chief Executive of CityFibre, commented:
 
"After decades of underinvestment, Openreach's antiquated network infrastructure is strangling our nation's businesses. It is up to CityFibre to provide them with a viable and fit for purpose alternative, delivering a new generation of connectivity for our SMEs, the lifeblood of the UK economy.
 
"Access to full-fibre connectivity is the only long term solution, and this is currently either unavailable or so cost-prohibitive that it has remained out of reach for most. By extending our Fibre to the Premises roll-out to business parks across our national network, we are bringing affordable, world-class connectivity to the doorsteps of thousands of businesses for the first time. This is preparing our cities for an inevitable future upgrade to Fibre to the Home."
 
 
Minister of State for Digital and Culture Matt Hancock said:
 
"In last week's Autumn Statement we committed to investing another £1billion in the UK's digital infrastructure and to support the delivery of full-fibre broadband. 
 
"Fibre is the future, so today's announcement by CityFibre is another boost to help achieve our ambitious goals. It will give small businesses across the country access to fast and reliable broadband and encourage other emerging providers to scale up so we remain a world-leading economy."
 

Growth & Innovation Forum 2017


Tuesday 31st January 2017

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Share price performance of some of the companies that attended the last event include:

Cyan +43%

Instem + 44%

Satellite Solutions Worldwide +79%

Summit Therapeutics +32%

XLMedia +46%


The Growth and Innovation Forum, organised in partnership with Cenkos Securities and Shares, is in its 5th year and is the UK's only growth and technology company investment show.

Thousands of investors have attended our previous shows. This year attendees will be able to:

· Learn from industry experts and influencers about the markets, the technology sector and individual companies

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Key note Speakers at the Show include:

Daniel Coatsworth, Editor - Shares

Russ Mould, Investment Director - AJ Bell

Richard Penny, Senior Fund Manager - Legal & General UK Alpha Trust

Simon Strong, Head of Research, Growth Companies - Cenkos Securities

Further keynote speakers to be announced.


Presenting at the Show and available to meet during the day will be a number of listed company CEOs and Directors:

Andrew Newland, CEO - ANGLE

Alastair Smith, CEO - Avacta

Rachel Elias-Jones, CFO - Bango

Keith Butcher, CFO - Blancco Technology Group

Terry Hart, CFO - CityFibre

Simon Cleaver, CEO - CloudCall

Jamal Rushdy, CEO - Collagen Solutions

John Cronin, Executive Chairman - CyanConnode

Philipp Prince, CFO - Defenx

Frontier IP Group

Phil Reason, CEO - Instem

Steve Flavell, co-CEO - LoopUp

Jose Luis Vazquez, CEO - Mirada

Ian Smith, CEO - One pm Finance

Plastics Capital

Mark Braund, CEO - RedstoneConnect

Simon Kings, Executive Director - TP Group

David Richards, Interim Chairman, President, CEO & Co-founder - WANdisco

More companies to be announced.


For more information go to the event website here

Stirling PSN award
RNS
RNS Number : 2973U
CityFibre Infrastructure Hldgs PLC
17 January 2017
 
For immediate release
17 January 2017
 
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
Stirling PSN award
 
Stirling becomes CityFibre's 41st city
 
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the award of a contract to provide the City of Stirling with a Public Services Network, making it CityFibre's fourth Gigabit City in Scotland, and CityFibre's 41st nationally.
 
The seven-year contract with Buckinghamshire-based managed service provider MLL Telecom, carries an initial contract value (ICV) of £1.7m, and will require the initial construction of 20 kilometres of new network connecting 33 sites across the council's estate.
 
It will also provide future-proof foundations for further digital developments, for example, connecting mobile masts, delivering safer city infrastructure such as smart CCTV and street-lighting. As with all CityFibre's Gigabit City projects, the new network will be extended over time to offer the majority of Stirling's 3,000 businesses affordable access to gigabit speed services.
 
Greg Mesch, Chief Executive of CityFibre, commented: "We're thrilled to add Stirling as our fourth Gigabit City in Scotland, bringing the numerous benefits of pure fibre connectivity to the public sector and business community in the city. We're also very pleased to add MLL Telecom to our growing universe of service provider partners and look forward to working together to transform public services and business connectivity in Stirling, our 41st Gigabit City." 

17 Jan
Liberum Capital
138.00
Buy
17 Jan
finnCap
130.00
Corporate

2016 Trading Update

RNS


RNS Number : 5244V

CityFibre Infrastructure Hldgs PLC

31 January 2017





For immediate release

31 January 2017








CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



2016 Trading Update



Transformational year delivers threefold growth in new orders and connected premises



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, announces a preliminary trading update for the year to 31 December 2016.



Financial results are expected to be in line with expectations, with revenue in excess of £15.0 million and Adjusted EBITDA of approximately £2.5 million*.



The Group delivered a record performance in the period, adding 5,063 new connections**, with initial contract value ('ICV') of £75.5 million. This compares to 1,100 connections and ICV of £23.0 million in the year to 31 December 2015. Of the connections added in the period, 58% were organic new sales.



The Company also significantly increased the number of connected premises served to 3,962, from 1,200 in the prior period.



At period end the Group had 3,383 kilometres of network assets in use, up from 743 kilometres at the end of 2015.



Service provider relationships totaled 54 at period end, up from 41 at the end of 2015.



Orders signed in late 2016 principally include:



· a 25-year national dark fibre core network migration for Gamma, utilising the Company's national long-distance network and metro interconnects to provide a 1,300 kilometre national route connecting 15 major data centres and BT exchanges in London and major regional hubs;

· a five-year, 63-site contract on its existing Coventry network with partner Pinacl Solutions on behalf of the Coventry Clinical Commissioning Group;

· a seven-year, 33-site public services network in Stirling in partnership with MLL Telecom, establishing CityFibre's 41st city via 20 kilometres of new network build (previously announced on 17 January 2016).

· a five-year, 150-site commitment from partner BtL on existing assets in Maidenhead and Slough. The deal establishes Maidenhead as our 42nd city;



The Group will report full year financial results on Tuesday, 25 April 2017.



* These figures remain subject to audit and are based on the management accounts to 31 December 2016.

**Connections include those acquired from KCOM and Redcentric.





Greg Mesch, Chief Executive of CityFibre, commented:



"2016 was a transformational year for CityFibre. Having started the year with a step change acquisition which significantly scaled our operational footprint across the UK, we followed up by rolling out a commercialization campaign which delivered over 1,700 connections on the acquired assets. The acquisition of the Redcentric network assets in September and further organic development takes our UK city footprint to 42 as we begin 2017. We are now strongly positioned as the largest wholesale infrastructure provider next to Openreach, which provides us with a great platform for future growth, including significant upsides in Fibre-to-the-Tower and Fibre-to-the-Home."

Strategic FTTH partnership with Vodafone
RNS
RNS Number : 9950V
CityFibre Infrastructure Hldgs PLC
09 November 2017
 
 For immediate release
9 November 2017
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
CityFibre signs strategic FTTH partnership with Vodafone
 
CityFibre (AIM: CITY) is pleased to announce the signing of a major strategic partnership with Vodafone (the 'Agreement'). Under the Agreement CityFibre will provide full-fibre connectivity in the first phase to a minimum of one million UK homes in twelve existing CityFibre towns and cities, with the potential to extend this to up to five million UK homes (approximately 50 towns and cities and representing 20% of the current UK broadband market) by 2025. Vodafone has made a minimum volume-based commitment for ten years, which scales over the period, maturing at 20% of homes passed. In turn Vodafone has been granted a period of marketing exclusivity, city by city, for consumer grade fibre-to-the-home ('FTTH') services largely during the construction period. Over 20 years the first phase of the Agreement for one million homes is estimated by the Company to be worth over £500 million1.
 
The Board of CityFibre believes the Agreement represents a transformative opportunity for the Group:
 
·   Commitment by CityFibre to pass 1 million homes with full fibre connectivity across twelve existing CityFibre towns and cities and a framework for extension to 5 million homes, which would deliver 50% of the UK Government's target for full fibre rollout to 10 million premises
·     Construction will commence in 2018, peak in 2020, and is expected to be largely complete in four years
·     Fibre-to-the-home/premises ('FTTH/P') network construction will leverage CityFibre's existing core metro networks already present across 42 UK towns and cities, which the Company estimates provides an addressable market of approximately 4.383 million homes, 43,820 public sector sites, 7,300 mobile masts and 349,400 business premises
·    The Company expects the indicative cost to construct the FTTH/P network at maturity should be in the range of £350 to £480 per home passed (not connected)
·    Agreement de-risks CityFibre rollout of FTTH/P with minimum volume commitments for FTTH services from Vodafone in return for marketing exclusivity, city by city, for consumer grade FTTH services largely during the construction period
·     In addition to the specific economics of the Agreement, the FTTH/P network construction will unlock the benefits of ubiquitous fibre access in all the towns and cities where it is built. It broadens the range of CityFibre services and brings the network closer to potential customer premises, expanding the market opportunity across all market verticals. It will create an infrastructure that ultimately all consumer and business service providers can benefit from, and improves CityFibre's economics to deliver
·    CityFibre targets a revenue yield on the net2 capital expenditure for the FTTH/P network of 18%-22% at maturity, being five to seven years following construction
·   CityFibre has commenced a formal tender process with key network construction suppliers to ensure deployment is delivered on schedule and to budget.
 
1 Based on build profile set out in the Agreement, including revenues from connections and ancillary charges and assuming the 20% minimum volume guarantee penetration rate is maintained throughout the subsequent ten years.
2 net of up-front fees paid by customers for fibre connections
 
Greg Mesch, CEO of CityFibre, commented:
"This agreement has unlocked the UK's full-fibre future and is a major step forward in delivering our vision for a Gigabit Britain. With this forward-thinking commitment from Vodafone, we have a partner with which we can transform the digital capabilities of millions of homes and businesses and establish an unassailable wholesale infrastructure position across 20% of the UK broadband market."
 

A wide range -

9 Nov
Peel Hunt
100.00
Buy
9 Nov
Peel Hunt
52.00
Buy
9 Nov
Liberum Capital
80.00
Buy
9 Nov
finnCap
90.00
Corporate

Major PSN Contract Win
RNS
RNS Number : 0034A
CityFibre Infrastructure Hldgs PLC
21 December 2017
 
 For immediate release 
21 December 2017
 
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
MAJOR PSN CONTRACT WIN
 
CityFibre signs 19 year framework agreement with Commsworld for Glasgow City Council
 
CityFibre (AIM: CITY), a leading designer, builder, operator and owner of fibre optic infrastructure in UK towns and cities, is pleased to announce its largest public sector award to date, extending its existing Gigabit City network in Glasgow to 506 Glasgow City Council ('GCC') owned sites in an agreement with a lifetime value of £15.7m over 19 years.
 
The initial seven-year term carries a minimum initial contract value ('ICV') of £6.4m, with options to extend to a maximum of 19 years, and will be delivered in conjunction with national telecommunications provider Commsworld. The deal represents CityFibre's largest project to date and the largest UK public services metro network award in 2017.
 
The construction of an additional 243km of new core network infrastructure will be required to connect the 506 sites across the GCC estate, along with 15 BT exchange-to-exchange links.  This will supplement the 50km of existing core metro infrastructure in Central Glasgow built to satisfy existing contracts with HighNet, Capita and Commsworld in the enterprise and public sector market verticals.
 
The combined network, designed and deployed under CityFibre's Well Planned City methodology, will provide the backbone for transformative digital initiatives across further enterprise FTTP, as well as FTTT for mobile operators, and lay the groundwork for a potential extensive FTTH build across the city in future.
 
Key sites to benefit from CityFibre's investment will include schools, libraries, leisure centres, arts venues and council offices. The network will also be open to CityFibre's 1500 ISP channel partners to provide next generation connectivity to over 17,000 businesses throughout the city.
 
Greg Mesch, CEO of CityFibre, commented:
 
"This award demonstrates the potential for forward-thinking local authorities to attract the private investment in their digital infrastructure that is so critical to their future success.
 
"The city's full-fibre spine will be built with the future in mind, capable of supporting 5G mobile networks and laying the ground-work for an inevitable roll-out of fibre to every home and business in the city.
 
"Following on the heels of our recent contract win in Aberdeen, today's agreement marks a strong end to a very eventful year for CityFibre and again underlines the ongoing robust demand from the public sector for world-class digital infrastructure to enhance economic development and competitiveness.
 
"This will be the largest public-sector project in our history and makes us the leading digital infrastructure provider to the public sector in Scotland. We look forward to working with our partners, Commsworld and CGI, to usher in a full-fibre future to even more Scottish cities."

dividend don't see one paid until 2020 further loss in A/C on results march avoid
until S/P 40p BB

Recommended Cash Acquisition of CityFibre

CityFibre to delist from AIM
RNS
RNS Number : 2090S
CityFibre Infrastructure Hldgs PLC
22 June 2018

For immediate release

22 June 2018

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')

CityFibre to delist from AIM

Acquisition by Connect Infrastructure Bidco Limited positions CityFibre to lead the UK's transformation to full fibre

CityFibre (AIM: CITY), a leading designer, builder, owner and operator of fibre optic infrastructure in UK towns and cities, confirms that the acquisition of CityFibre shares by Connect Infrastructure Bidco Limited (a newly formed company indirectly jointly-controlled by a consortium formed by Antin Infrastructure Partners and West Street Infrastructure Partners, a fund managed by Goldman Sachs) completed on 21 June 2018 (the "Acquisition").

The Acquisition was priced at 81 pence in cash for each CityFibre share, representing a 92.9 per cent. Premium to the Closing Price of 42 pence per CityFibre share on 23 April 2018, valuing the entire issued and to be issued ordinary share capital of CityFibre at approximately £537.8 million.

Trading on AIM in CityFibre shares was suspended with effect from 7.30am on 21 June 2018. It is expected that cancellation of CityFibre's shares admission to trading on AIM shall take effect at 8.00am on 22 June 2018.

Since admission to AIM in January 2014, CityFibre has rapidly established itself as a leading alternative network provider, delivering wholesale full fibre infrastructure in towns and cities nationwide. By pursuing a strategy of constructing new networks under anchor contracts and network acquisitions, CityFibre now has major fibre infrastructure projects across 51 towns and cities and has commenced the build of active service platforms across 31 of these locations in readiness for Fibre to the Premises ("FTTP") roll-out.

After signing a joint venture agreement with Sky and TalkTalk in April 2014 to trial FTTP in York, CityFibre went on to complete a number of acquisitions, including KCOM's national network assets for £90 million in January 2016 adding fibre networks in 24 towns and cities and a national long-distance network to CityFibre's portfolio. CityFibre went on to acquire wholesale connectivity provider Entanet Holdings Limited for £29 million in August 2017. For the 12 months ended 31 December 2016, Entanet serviced approximately 1,500 channel partners in the business and residential markets.

In November 2017, CityFibre secured a 20-year strategic partnership with Vodafone to roll-out full fibre FTTP connectivity to one million UK homes across 12 existing towns and cities. The build is already underway and is expected to be largely complete by the end of 2021. The agreement with Vodafone provides a framework for expansion to five million homes across approximately 50 towns and cities by 2025. When deployed, this would position the company's infrastructure across approximately 20% of the current UK broadband market.

As a private company, the board of CityFibre believe the Acquisition will create the required environment for CityFibre to deliver meaningful growth and attain a strong market position with the appropriate funding and support. Antin Infrastructure Partners and West Street Infrastructure Partners are supportive of CityFibre's development, and intend to work with management to accelerate the Company's national FTTP development, delivering on management's vision to provide full fibre infrastructure across no less than 20% of the UK.

CityFibre is now positioned as a primary deliverer of the Government's national full fibre ambition; transforming the digital infrastructure in towns and cities nationwide and unlocking billions in long term economic reward for the UK's digital economy.

Greg Mesch, Chief Executive of CityFibre, commented:

"Having shaken up the UK telecoms market over the last five years and sparked the race to deliver a full fibre future for Britain, this transaction will enable CityFibre to accelerate our deployment of transformational digital infrastructure still further. These are exciting times, and as the only builder of scale, CityFibre is ideally positioned to make the most of this opportunity to modernise the UK's digital infrastructure."

"I would like to take this opportunity to thank the shareholders who have supported us since our initial listing on AIM. We have raised over £320m on AIM and believe that without the support of the capital markets, our progress both operationally and strategically would not have been so rapid."

Commenting on the Acquisition, Philippe Camu, Global Head of West Street Infrastructure Partners and Mark Crosbie, Managing Partner of Antin Infrastructure Partners, said:

"We are delighted to be supporting CityFibre through its next cycle of growth and believe the business is ideally placed to continue to transform the UK telecommunications market. With the need for next generation infrastructure growing at pace, the provision of high quality fibre networks is vital to the ongoing economic development of the UK, and CityFibre sits firmly at the centre of that structural shift."