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/

Shares - CityFibre could see its partnership with broadband suppliers British Sky Broadcasting and TalkTalk extend beyond York. The recent IPO documentation identified up to a 100 smaller UK cities in need of a fibre optic cable network.

30 million Fundraising

http://www.moneyam.com/action/news/showArticle?id=4816771

Full Year Results

RNS


RNS Number : 9007H

CityFibre Infrastructure Hldgs PLC

23 May 2014







For immediate release








CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



AUDITED FULL YEAR RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013



CityFibre Infrastructure Holdings Plc (AIM: CFHL), a leading owner, builder and operator of fibre optic infrastructure enabling gigabit connectivity in UK cities, is pleased to report pro forma results for the Group for the year ended 31 December 2013. These results are for CityFibre Holdings Limited, which was acquired by CityFibre Infrastructure Holdings plc in January 2014 as part of an IPO restructuring immediately prior to the Company's admission to trading on AIM.



Financial Highlights:

· Revenue increased 9.7% to £1.9m

· Gross profit increased 24.0% to £1.5m

· Administrative expenses fell 7.9% to £5.7m

· New contracts with a total value of £4.7m were signed during the period





Operating and Post Period End Highlights:

· The UK's largest independent provider of fibre network infrastructure, to mid-sized cities and major towns with over 29,000 kms of fibre and duct access network connecting 465 customer sites in 56 UK towns and cities, as well as a Fibre-to-the-Home ("FTTH") network passing 20,000 homes in Bournemouth.



· Continued momentum of the Company's Gigabit City UK roll-out:

o Signed a 20-year contract with Serco in November 2013 to provide fibre connectivity to over 100 locations in Peterborough: to date over 500 Peterborough businesses have signed up to the pre-registration campaign "Gig Up," and partnership agreement with local service provider Businesscoms is expected to drive contract conversions. The Peterborough network deployment has commenced on schedule.



o Awarded preferred bidder status by Coventry City Council for the acquisition of the 140 kms Coventry Metropolitan Area Network (MAN) fibre optic asset in April 2014. Pending successful completion of the acquisition Coventry will become CityFibre's largest network asset with an addressable business market of over 9,000 potential customers, and increasing the Company's total fibre network footprint by 48%.



o Joint venture agreement ("JV") signed with BSkyB and TalkTalk to deploy a FTTH network in York, leveraging CityFibre's existing asset. This JV marks the first example of large ISPs procuring broadband infrastructure at scale from an alternative service provider. The JV intends to select another two cities for deployment in due course.



· CityFibre board further strengthened through the appointment of industry veteran Peter Manning as Non- Executive Chairman in September 2013, and Sally Davis, previously CEO of BT Wholesale, as Non-Executive Director in February 2014.



· Successful IPO and admission to trading on AIM on 17 January 2014, raising approximately £16.5m before expenses to i) grow services and profitability at existing assets, including York, ii) to deploy 90 kms of metro fibre infrastructure into Peterborough, iii) to acquire further metro fibre infrastructure in excess of 100kms, and iv) for working capital purposes and project pipeline.



· Conditional placing announced today to raise approximately £30m (before expenses) to further strengthen the Company's balance sheet and enable the Company to exploit an accelerating pipeline of projects and incremental opportunities to those foreseen at IPO.



· New business pipeline remains strong with high level of interest in CityFibre from secondary cities across the UK, of which management believe there are approximately 100 addressable opportunities.



Greg Mesch, CEO of CityFibre, commented:

"We are delighted to be announcing our maiden results as a public company, which highlight the Company's strategic progress. Following our successful IPO, we have a strong base from which to exploit a number of exciting near term opportunities and to continue to pursue our medium term growth ambitions.

"The proposed placing announced today alongside these results reflects an acceleration in the opportunities presented to the Company and provides further balance sheet strength and financial flexibility in pursuing them."

"We've made a strong start toward delivering our 2014 objectives. We have broken ground in Peterborough on schedule and are seeing strong interest from the local business community, with over 500 businesses pre-registering since the introduction of the "Gig Up" campaign. Our preferred bidder status for the Coventry network is a significant milestone which demonstrates our ability to grow through acquisition as well as organically. Furthermore, the signing of an FTTH Joint Venture agreement with BSkyB and TalkTalk marks a watershed opportunity to change the status quo in UK broadband infrastructure. The need for pure fibre connectivity continues to drive our business and we look forward to updating both the market and our shareholders on our strategic progress over the coming months."

23 May Finncap 110.00 Corporate

Closing of Coventry MAN Acquisition

RNS


RNS Number : 7038I

CityFibre Infrastructure Hldgs PLC

03 June 2014







For immediate release

3 June 2014




CityFibre Infrastructure Holdings PLC

("CityFibre" or "the Company")

Closing of Coventry MAN Acquisition

CityFibre (CFHL.L), a leading designer, builder, owner and operator of fibre optic infrastructure, is pleased to announce that further to the announcement of 11 April 2014, CityFibre has today completed the acquisition of the 140km Coventry Metro Area Network (MAN) and signed a strategic partnership with Coventry City Council.

The Coventry MAN, to be rebranded the Coventry CORE, was commissioned by Coventry City Council six years ago and currently serves nearly 300 key public sites including council offices, schools and community centres. CityFibre will continue to provide connectivity to these sites, granting the Council a long-term, free right of use.



From this summer the Coventry CORE will be extended to enable thousands of local businesses access to transformational gigabit internet speeds through a number of local Internet service provider partners. This will make Coventry a Gigabit City, joining both York and Peterborough in CityFibre's accelerating Gigabit Cities programme.

Consistent with the Company's business model, any material incremental capex associated with the Coventry CORE asset will be success-based, driven by contracted revenues.



Greg Mesch, CEO of CityFibre said:



"We are delighted to welcome Coventry into the growing stable of CityFibre Gigabit Cities. The addition of this 140km network increases our total network footprint by 48%, and Coventry now represents our single largest network asset. With an addressable business market of over 9,000 concerns, we believe Coventry holds great promise, and the Company, along with our service provider partners, look forward to delivering first class connectivity to this underserved market."



Councillor Damian Gannon, Cabinet Member, Strategic Finance and Resources at Coventry City Council, said:



"Ultrafast gigabit speed connectivity is vital for Coventry businesses to enable them to compete and succeed not just on the national, but also on the international stage. As a Gigabit City, Coventry can now set itself alongside the most digitally advanced locations around the world and we look forward to the numerous social and economic advantages that such a status will bring; driving economic investment and catalysing business start-ups."



-Ends-

CityFibre to Extend UK Reach

RNS


RNS Number : 7193O

CityFibre Infrastructure Hldgs PLC

11 August 2014







For immediate release

11 August 2014


CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

CityFibre to extend UK reach through Easynet agreement in Kirklees



Collaboration creates the most advanced Public Services Network offering to UK towns and cities

CityFibre (AIM: CFHL), a leading designer, builder, owner and operator of fibre optic infrastructure, is pleased to announce it has signed a long term agreement with Easynet, formerly MDNX, to deploy dark fibre connectivity to 176 public sector sites in the metropolitan borough of Kirklees, West Yorkshire.



Pursuant to the contract, CityFibre will design and build a 72-kilometre fibre network which will enable Easynet, a UK Government approved and accredited Public Service Network (PSN) and G-Cloud supplier, to offer transformational, gigabit-capable fibre network connectivity solutions to the metropolitan borough of Kirklees as part of its overall solution for the council. The total contract value to capex ratio attributable to CityFibre is in line with the Company's previously stated guidelines.



This marks the first contract win for CityFibre with a service provider partner under the PSN national procurement framework. It also marks the first time that a PSN-approved provider has incorporated an extensive dark fibre solution in delivering a PSN project. The combination of CityFibre's proven track record of developing similar projects in cities such as York and Peterborough, and Easynet's extensive experience in delivering multi-million pound government ICT solutions, will enable both parties to deliver next generation services to key UK regional towns and cities.



Greg Mesch, Chief Executive Officer of CityFibre commented: "We are delighted to be announcing this agreement with Easynet, which will broaden our UK footprint and position CityFibre as an approved supplier to Easynet for the Government's PSN framework. Our city-wide pure fibre solutions are now available to local authorities throughout the UK.

"In a digital age, we must ensure that our towns and cities are furnished with a next generation and future-proof digital infrastructure supporting the public and private sectors. Our partnership with Easynet is an exciting opportunity for local authorities up and down the country to make the most of the PSN."

Simon Holmyard, Head of Public Sector, Easynet, commented: "There is a real opportunity for public sector customers to realise the value available under PSN by incorporating all the available infrastructure and technologies, delivering maximum flexibility and commercial value.



"This agreement with CityFibre complements our accredited PSN network service provision and adds to our Government portfolio of Hosting, Unified communications and collaboration services. We see CityFibre playing a significant part in this market transformation as part of our overall solutions. With the Public Sector drive towards Smart Working, having access to data anywhere and anytime is key."

CityFibre selects Aberdeen as next Gigabit City

RNS


RNS Number : 7007Q

CityFibre Infrastructure Hldgs PLC

03 September 2014







For immediate release

3 September 2014




CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

CityFibre selects Aberdeen as next Gigabit City



New city network anchoring approach focused on business segment demand aggregation, in collaboration with local partner Internet For Business (IFB)



CityFibre (AIM: CFHL), the UK's leading designer, builder, owner and operator of fibre optic infrastructure, is pleased to announce it has signed an agreement with Scotland-based ICT service provider Internet For Business ("IFB"), to deploy a gigabit-capable dark fibre network throughout Aberdeen, as the first step in the company's plan to establish Aberdeen as Scotland's first Gigabit City.



The initial 50km network build phase (of a total anticipated build of up to 120km) is backed by a contractual offtake commitment from IFB to migrate and upsell existing business leased line customers onto CityFibre's infrastructure, as well as to convert new customers from its strong pipeline. The Total Contract Value ("TCV") to capex coverage ratio during the initial phase of the contract-backed build is anticipated to be well within the Company's stated target range.



CityFibre selected Aberdeen as a highly attractive and strategically significant market for the Company to enter, as its strong local economy accounts for 28% of Scotland's GDP and lays claim to 30% of the country's top 100 businesses. The network will bring much-needed alternative local access fibre infrastructure to the city, which was passed over in the cable network deployments of the 1980's and 1990's.



Pending successful completion of this first phase of network build, CityFibre's pro forma fibre footprint (including in-progress projects in York, Coventry, Peterborough and Kirklees) will exceed 680 route kilometres of local access fibre and connect over 1,200 customer sites. This expanded footprint represents an addressable market of over 2,400 public sector sites, 1,200 cell sites, 40,000 businesses and 600,000 homes.



The network roll-out will be demand-led and will follow CityFibre's highly optimised "Well-Planned City" network design concept, accommodating current and future capacity requirements from the public sector, private businesses, mobile operators and local data centres. Ultimately, the network, comprising modern duct infrastructure with high-capacity fibre cables, could comfortably provide a backbone for the deployment of fibre to the home for the city's residents.



Based on a number of key sites selected in conjunction with IFB, planning for the network's deployment is already underway and will initially focus on the centre and south of the city, including key industrial estates such as Tullos and Altens, as well as the north as far as Dyce and The Bridge of Don. Subject to demand, the build programme will be extended to areas in the west of the city, such as Westhill and Kingswells. CityFibre will shortly launch a demand aggregation campaign allowing Aberdeen's 6,000 businesses to register their interest and help shape the network route.



Greg Mesch, Chief Executive Officer of CityFibre commented: "Aberdeen has long been a priority target market for us, given its strong economic fundamentals and absence of alternative network infrastructure. CityFibre is honoured to be able to add to the proud history of this city by building an independent, modern, transformational metro fibre network that will digitally future-proof Aberdeen and its residents for the next 100 years.

"We're also delighted to be teaming up with such a strong and knowledgeable local partner as Internet For Business. During its two decades of operations, IFB has always been at the forefront of quality service innovation in the Aberdeen business communications market, and this tradition continues as it teams up with CityFibre to promote the independent delivery of much-needed supplier diversity in the local broadband infrastructure market. The partnership forms the cornerstone of our efforts to establish Aberdeen as the first Scottish Gigabit City, and marks our first city-wide metro network to be anchored by aggregated demand from the business segment."

Graeme Gordon, Chief Executive Officer, Internet For Business, commented: "We know how important connectivity services are to businesses in Aberdeen as there is always a high demand for more bandwidth. We have been strong supporters of investment in a modern infrastructure that can accommodate the additional bandwidth that is required and are delighted to be working towards giving businesses in Aberdeen the opportunity to grow.



"It's a great boost for Aberdeen to be the first city in Scotland to receive this service. This not only sends a signal to businesses that Aberdeen is a city with room to grow and progress, but it gives future investors confidence in the services that the city can offer."



Jenny Laing, Aberdeen City Council leader, commented: "We are hugely excited to see CityFibre and IFB bring this project to life ensuring that Aberdeen city and shire have a next generation digital infrastructure in place to further economic growth over the coming years. CityFibre's decision to make Aberdeen a Gigabit City helps us to realise the ambitions laid out in Accelerate Aberdeen of being at the leading edge of the digital revolution, with the world-class connectivity essential for continued growth and helps lay the foundations for significant improvements for residential customers in the future."

3 Sep Liberum Capital 114.00 Buy
3 Sep finnCap 110.00 Corporate

Notice of Interim Results

RNS


RNS Number : 8632R

CityFibre Infrastructure Hldgs PLC

17 September 2014







For immediate release

17 September 2014




CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

Notice of Interim Results



CityFibre (AIM: CFHL), the UK's leading designer, builder, owner and operator of fibre optic infrastructure, will be announcing interim results for the six months ended 30 June 2014 on Monday 29 September 2014.



A meeting for analysts will be held at 10.00am on the morning of results at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

Interim Results

RNS


RNS Number : 7998S

CityFibre Infrastructure Hldgs PLC

29 September 2014







For immediate release

29 September 2014






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



UNAUDITED HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014



CityFibre Infrastructure Holdings Plc (AIM: CFHL), the leading designer, builder, owner, and operator of wholesale fibre optic infrastructure enabling gigabit connectivity in UK towns and cities, is pleased to report half year results for the Group for the period ended 30 June 2014.



Financial Highlights:

· First half results ahead of expectations at the IPO;

· Revenue increased 45.6% to £1.3m, driven by new projects and incremental contract growth on existing assets;

· Gross profit increased 49.3% to £1.0m, with margin expansion from 80% to 82%, reflecting high operating leverage of passive fibre network assets;

· Adjusted EBITDA loss of £2.0m, reflecting increased activity connected to new city wins;

· Acquisition of property, plant and equipment of £2.1m, up from £0.4m in H1 2013;

· Strong balance sheet following successful IPO and oversubscribed secondary placing raising £46.5m before expenses from institutional investors;

· Cash balance at period end of £37.2m



Operating Highlights:

· Signed a landmark joint venture agreement ("JV") with BSkyB ("Sky") and TalkTalk on 15 April 2014 to deploy a trial city-wide Fibre-to-the-Home (FTTH)/Fibre-to-the-Premises (FTTP) network in York and appointed Fujitsu as build partner;

· Acquisition of Coventry Metro Area Network asset closed on 3 June 2014, adding over 300 connected customer sites and 62% additional fibre footprint to the CityFibre portfolio;

· Connected customer sites up 76%, to 817 as at 30 June 2014 from 465 in December 2013. Reseller and service providers on-net up to 16 from two at the start of the year;

· Post period end city wins in Kirklees and Aberdeen, full year target of three new city wins achieved to date;

· CityFibre's pro forma fibre footprint (assuming successful completion of in-progress projects in Peterborough, Kirklees, and Aberdeen) will exceed 680 route kilometres of local access fibre and connect over 1,200 customer sites when complete. This expanded footprint will represent an addressable market of over 2,400 public sector sites, 1,200 cell sites, 40,000 businesses and 600,000 homes;

· Strong momentum expected to continue for the remainder of the year, particularly with regard to new city wins and further commercialization of existing assets.











Greg Mesch, CEO of CityFibre, commented:

"We entered this year with the objective of securing a strong capital base and delivering key projects across all our core market areas. We are on track to deliver on all of our objectives. We have raised £46.5m from institutional investors, secured three new city wide fibre based anchor projects, and are on schedule and on budget with the Peterborough deployment, where business pre-registrations have vastly exceeded our expectations.

"Moreover, the developments in the first six months of the year underline our expanding range of methods for anchoring new city wide fibre networks - via acquisition, partnering with Public Service Network (PSN) framework suppliers, and aggregation of business segment demand via local ISPs. And of course we are delighted to be in a FTTH/FTTP trial agreement with Sky and TalkTalk and in the first phase of the deployment in the trial on our existing asset in York, which we believe further validates our shared infrastructure model.

"We are pleased with the ongoing progress which these results and the recent announcements illustrate. Not only has the Company exceeded expectations of contract wins set at the time of the IPO in January, but we have also already attained the revised full year growth expectations set at the secondary placing in May. Our four key market segments of public sector, mobile, business and consumers remain robust as consumers of fibre and we are extremely pleased with the progress across all these market segments."

NATIONAL FRAMEWORK AGREEMENT WITH EE and Three UK

RNS


RNS Number : 8901W

CityFibre Infrastructure Hldgs PLC

13 November 2014







For immediate release

13 November 2014






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



NATIONAL FRAMEWORK AGREEMENT WITH EE and Three UK



CityFibre to deliver UK's first dark Fibre-to-the-Tower ("FTTT") solution



CityFibre (AIM: CFHL), the leading designer, builder, owner, and operator of wholesale fibre optic infrastructure enabling gigabit connectivity in UK towns and cities, is pleased to announce the signing of a long term national framework agreement with mobile network operators EE and Three UK, along with their infrastructure joint venture, Mobile Broadband Network Limited ("MBNL").



The framework agreement will see CityFibre deploy the UK's first dark fibre backhaul connections to mobile masts (Fibre-to-the-Tower, or "FTTT") across both operators' networks, improving network performance capabilities as well as offering long term cost efficiency. It also marks the expansion of critically needed diversity in the mobile operators' supply chains.

Whilst already widely established in North America and Continental Europe, dark Fibre-to-the-Tower solutions for mobile network operators have not been deployed previously in the UK. Dark fibre supplies operators with their own fibre infrastructure, a future-proofed platform offering near limitless capacity for the same fixed cost. This is an invaluable asset in the face of operators' growing bandwidth requirements and increasing backhaul traffic to and from cell sites driven by explosive data demand and the proliferation of connected devices.

The first project of the framework is already underway in Kingston-upon-Hull, where CityFibre is in the process of overhauling MBNL's network, providing both EE and Three UK with the ability to deploy advanced network technology features and to trial cutting edge technologies. CityFibre, EE, Three UK and MBNL are already examining how the dark fibre solution could be rolled out to further towns and cities in the UK under the national framework agreement and will update the market as appropriate in due course.

CityFibre's initial 60km build project for the mobile sites in Hull is the first step in an anticipated larger build-out, potentially up to 200km, following CityFibre's "Well-Planned City" model, under which the Company's shared fibre infrastructure is also available for use by service providers covering multiple market segments.

The financial terms of the contract are within the Company's previously stated guidance with regard to total contract value ("TCV") to capex coverage.



Greg Mesch, CEO of CityFibre, commented:

"We're delighted to be working alongside EE and Three UK, who together carry about 75% of the data used by UK mobile users. The deployment in Hull is a critical first step in promoting the adoption of dark fibre solutions for FTTT in the UK market, as well as establishing CityFibre as the partner of choice for Mobile Network Operators and wireless infrastructure providers seeking to migrate to dark fibre solutions on a national scale.

"Since our inception, we've consistently underlined the importance of the mobile vertical as we look to both grow our UK footprint and market share. Today's announcement serves as another powerful validation of our vision and reinforces our shared infrastructure approach. CityFibre is now established as an approved supplier to three strong partners with the most significant wireless footprint in the UK through this national framework agreement. It also establishes mobile as a market vertical capable of generating new Gigabit City anchoring opportunities in its own right.

"Our success to date in serving customers across the public sector, business segment and the consumer FTTH market is now further augmented with the addition of mobile customers to our portfolio. We have now achieved a crucial near-term aspiration of being active in all four key market verticals within our first year as a public company, further endorsing our business model and reinforcing the need for gigabit connectivity across the UK."

Fotis Karonis, Chief Technology Officer at EE, said:

"With our customers' data usage rising all the time, driven on by the rapidly growing adoption of 4G, a more flexible and cost effective backhaul capacity solution is hugely important so that we can keep giving a world-leading mobile experience. This is a completely new model for the industry, set to provide a much-needed change to the economics of capacity management."

Bryn Jones, Chief Technology Officer at Three UK said:

"This agreement with CityFibre is the latest step in our efforts to give customers a great network experience. The ability to add our own high capacity infrastructure will be hugely important for our network, particularly in busy metropolitan areas."

13 Nov Liberum Capital 114.00 Buy
13 Nov finnCap 110.00 Corporate

Director Deals - CityFibre Infrastructure Holdings (CFHL)

BFN

Sally Davis, Non Executive Director, bought 21,998 shares in the company on the 14th November 2014 at a price of 71.72p. The Director now holds 253,779 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

CityFibre - Redleaf Tech Showcase 2014

Click here

Director dealing

RNS


RNS Number : 4486Z

CityFibre Infrastructure Hldgs PLC

11 December 2014






11 December 2014

CityFibre Infrastructure Holdings plc

("CityFibre" or the "Company")

Director dealing



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities,, was informed on 10 December 2014 that on the same day Sally Davis, a Non-Executive Director of the Company, acquired 14,910 ordinary shares of one penny each in the capital of the Company ("Ordinary Shares") at an average price of 67.0 pence per Ordinary Share.



Following this transaction, Sally Davis has a beneficial interest in 268,689 Ordinary Shares (231,781 of which are held by the Company's joint share ownership plan on behalf of Mrs Davis) representing approximately 0.2% of the Company's total voting rights.

2 Jan finnCap 110.00 Corporate

Trading Update
RNS
RNS Number : 8171C
CityFibre Infrastructure Hldgs PLC
22 January 2015



For immediate release
22 January 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Trading Update



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, announces the following trading update for the year ended 31 December 2014.



The Board is pleased to confirm that full-year financial results will be in line with current market expectations. CityFibre has successfully converted a number of contract wins in the period, and continues to unlock significant levels of incremental business across its existing asset base.



Key highlights:



· The Joint Venture with Sky and TalkTalk for a Fibre-to-the-Home (FTTH) trial in York commenced its first phase of deployment in October 2014 and is progressing apace, with commercial launch expected later this year;

· The national framework agreement with Three UK, EE, and MBNL saw the first phase of the Fibre-to-the-Tower (FTTT) deployment in Hull completed before Christmas, on time and on budget;

· The Peterborough CORE network deployment, commenced in April 2014, was completed on time. As at 31 December 2014, 86 of the 106 public sector anchor sites were connected, with the balance anticipated to be connected by the end of February 2015;

· Following a successful business pre-registration programme in Peterborough, as at 31 December 2014, 64 businesses had successfully been converted to contracts with service provider partners, representing a 1.5% penetration of all businesses in Peterborough in a period of only eight months;

· The York CORE network added £0.8m in new total contract value (TCV) in the second half, bringing the total for the year to £1.2m, an increase of 283% versus the prior year. Capex associated with incremental TCV during the period was £0.5m, bringing cumulative TCV/capex on the York network to 124%, from 118% in the first half, and from 113% as at 31 December 2013;

· Pro forma for contracts in-build and announced during the period, the Company's network footprint should extend to 750 route kilometres of local access fibre when completed;

· Business pre-registration campaigns in Coventry, Kirklees, and Aberdeen are demonstrating strong pent-up demand consistent with the experience in Peterborough;

· Reseller/service provider relationships at year end totalled 25, up from 16 as at 30 June 2014;

· Continued progression of pipeline opportunities across all four market verticals, with active discussions ongoing with 25 city councils.

The Company expects to announce its full year results for the year ended 31 December 2014 on Monday 23 March 2015.



Greg Mesch, Chief Executive Officer of CityFibre, commented:

"2014 was a hugely successful year for CityFibre, with four new city project wins, a landmark Fibre-to-the-Home JV with Sky and TalkTalk, two of the UK's leading broadband service providers, a national framework agreement for Fibre-to-the-Tower with two leading mobile network operators, and £46.5m in equity raised. The underlying business continues to perform to plan, with strong incremental contracts being delivered in York, good initial contract conversion in Peterborough, and promising pre-registration levels in our expansion markets. The demand we're seeing in the four market verticals in which we operate is strong across the board. This reflects the compelling need for a fit-for-purpose local access broadband infrastructure capable of serving a market where IP traffic is growing at a compound annual growth rate of more than 20%. We remain strongly capitalised and well-positioned for further growth in 2015, and I look forward to updating the market further in March."

-------------------------------------------------------------------------------------------------


22 Jan finnCap 110.00 Corporate
22 Jan Liberum Capital 114.00 Buy

23 Jan Beaufort... N/A Speculative Buy
23 Jan Liberum Capital 114.00 Buy
22 Jan finnCap 110.00 Corporate
22 Jan Liberum Capital 114.00 Buy


Shares, A genuinely unique play on the UK fibre networks roll-out based on rapidly growing demand for superfast connectivity and bandwidth across the UK regions.
Profits remain some way off and debt funding will power growth, but City Fibre promises to turn into high dividend-paying virtual equity bond over coming years.

First win in Wales with Logicalis
RNS
RNS Number : 0499E
CityFibre Infrastructure Hldgs PLC
04 February 2015



For immediate release
4 February 2015






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



CityFibre announces first win in Wales with Logicalis



CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce a partnership with Logicalis, the global provider of IT solutions and managed services, to construct a 'Community Safety Network' - a high capacity resilient pure fibre ring - in Newport, Wales' third largest city.

The project was awarded under the UK's Public Services Network (PSN) framework and is the first for CityFibre in Wales, marking the second win for CityFibre's dark fibre solutions in partnership with an accredited provider to the framework, following the deal with the metropolitan borough of Kirklees, announced in August 2014.

The initial fibre deployment in Newport will connect over 40 sites and will be designed to accommodate the growing community safety estate. The network will allow Newport City Council to harness future smart technologies as the city evolves, including ultra-high definition CCTV, digital information boards, and traffic and alarm monitoring applications.

As with previously announced projects, CityFibre expects over time to expand beyond the initial scope of build-out to encompass potential further opportunities including additional public sector sites, businesses, mobile cell sites and the residential broadband segment, under its Gigabit City model.

Greg Mesch, Chief Executive Office of CityFibre, commented:

"This project forms an essential part of transforming Newport into a modern, fully connected, digital city and we are delighted to be working alongside Logicalis, a prominent name in both the public sector and enterprise space. Their selection of us as partner is a powerful endorsement of CityFibre's model, and we look forward to exploring further PSN opportunities with them.

"As we move ever closer to living in a truly connected world, the network that runs throughout UK cities will increasingly act as the arteries that allow it to consistently evolve, technologically, for the benefit of its residents. We believe CityFibre will play an ever increasing role in the evolution of that vision as the demand for future proof gigabit connectivity continues to grow."

Mark Starkey, Managing Director of Logicalis added:

"We have been working with the local authorities in Wales for a long time now and are continuing to build on that collaboration. There is huge potential to transform Welsh cities by installing future-proof fibre networks and support community-changing initiatives such as this through the exploitation of this infrastructure. We see this project in Newport as the first step on a long-term partnership with CityFibre."

5 Feb Liberum Capital 114.00 Buy
5 Feb finnCap 110.00 Corporate