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.

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

MEET YOUR NEXT GROWTH COMPANY INVESTMENT

Click here to REGISTER now


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

· Find out from fund managers how they view the future in 2017 and beyond

· Meet the directors of up to 40 listed growth companies

· Listen to presentations from our expert team of Shares journalists


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