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/

14 Dec finnCap 130.00 Corporate
14 Dec Liberum Capital 138.00 Buy

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

For immediate release
18 January 2016








CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Completion of Acquisition



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



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



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



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

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

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



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





Greg Mesch, Chief Executive of CityFibre, commented:



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



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



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



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





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

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

For immediate release
25 February 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



CityFibre response to Ofcom's Strategic Review of Digital Communications



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



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



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

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

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

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

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

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

Greg Mesch, Chief Executive of CityFibre, commented:

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

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

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

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

First capacity deal on acquired long-haul network

RNS


RNS Number : 2780U

CityFibre Infrastructure Hldgs PLC

06 April 2016





For immediate release

6 April 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



First capacity deal on acquired long-haul network



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

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



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



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

Greg Mesch, Chief Executive of CityFibre, commented:

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

NOW UNDER THE EPIC OF CITY . NEW THREAD.