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.

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

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."