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

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

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



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

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

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


http://www.cityfibre.com/

23 Mar Liberum Capital 114.00 Buy
23 Mar finnCap 115.00 Corporate

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

For immediate release
26 March 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



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



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



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



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



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



Ends

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26 Mar Liberum Capital 114.00 Buy
26 Mar finnCap 115.00 Corporate

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

For immediate release
31 MARCH 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



NEW CONTRACT WIN IN KINGSTON-UPON-HULL



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



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

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



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

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

Joe Tandey, Operations Director at Purebroadband, said:

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

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

For immediate release
2 JUNE 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Construction of Edinburgh CORE Commences



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



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

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

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

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

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

Greg Mesch, Chief Executive Officer of CityFibre, commented:

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

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

Richard Nicol, CEO of Commsworld, said:

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

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

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

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



- Ends

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

2 Jun Liberum Capital 114.00 Buy

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

For immediate release
18 JUNE 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Kirklees Project Update



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

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



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



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



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

Greg Mesch, Chief Executive Officer of CityFibre, commented:

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

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



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

For immediate release
26 JUNE 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Peterborough project update



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



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



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



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



Greg Mesch, Chief Executive of CityFibre, commented:

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

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

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

For immediate release
3 JULY 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Edinburgh project update



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



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



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



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

Greg Mesch, Chief Executive of CityFibre, commented:

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

Andy Arkle, Commercial Director of Commsworld, added:

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

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

For immediate release
8 JULY 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



New business update



A record month for new business on the York CORE network



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



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



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

Greg Mesch, Chief Executive of CityFibre, commented:

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

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

For immediate release
16 July 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Aberdeen Project Update



- Two new service providers join IFB on the Aberdeen CORE

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



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

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

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

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

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

Greg Mesch, Chief Executive of CityFibre, commented:

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

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

For immediate release
20 August 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Kingston-upon-Hull project update



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



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



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



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



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

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

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

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

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

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

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

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

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


Story provided by StockMarketWire.com

20 Aug Liberum Capital 114.00 Buy
20 Aug finnCap 115.00 Corporate

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

For immediate release
8 September 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Edinburgh PSN contract award



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



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

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

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

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



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



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



Greg Mesch, Chief Executive of CityFibre, commented:

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

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



Ricky Nicol, Chief Executive of Commsworld, commented:



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



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



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

8 Sep Liberum Capital 114.00 Buy
8 Sep finnCap 115.00 Corporate

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

For immediate release
6 October 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



First contract from Vodafone under Master Services Agreement



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



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



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

Greg Mesch, Chief Executive of CityFibre, commented:

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

6 Oct Liberum Capital 114.00 Buy
6 Oct finnCap 115.00 Corporate

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

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

For immediate release
26 November 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



CityFibre selects Glasgow as next Gigabit City



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



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



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

Greg Mesch, Chief Executive of CityFibre, commented:

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

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

For immediate release
14 December 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Acquisition of National Infrastructure Assets from KCOM Group plc

Underwritten placing to raise £80.0 million





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



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



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



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



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





Key transaction highlights include:



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

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

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

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

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

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



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



Greg Mesch, Chief Executive Officer of CityFibre, commented:

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

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

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