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.

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."

6 Apr Beaufort... N/A Speculative Buy
6 Apr finnCap 130.00 Corporate
5 Apr finnCap 130.00 Corporate

Final results for the year ended 31 December 2015

RNS


RNS Number : 4472V

CityFibre Infrastructure Hldgs PLC

18 April 2016


CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



AUDITED FULL YEAR RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, today reports full-year results for the Group for the year ended 31 December 2015.



Financial Highlights:



· Turnover up 67%, to £6.4m (2014: £3.8m)

· Gross profit of £5.5m, up 68%

· Gross margin further expanded to 86% (2014: 85%)

· Adjusted EBITDA loss of £2.9m, down from £3.6m in 2014

· Total Contract Value ('TCV') of £23.2m added in the period, up 109% from £11.1m in 2014

· Net loss after tax of £6.4m, improving from £7.0m in 2014



Operating Highlights:



· Direct fibre connected customer premises up to 1,200, from 885 in the prior period

· Completed route kilometres of ducted fibre increased to 743km, from 543km in 2014

· Service provider relationships numbered 41 at period end, up from 25 in 2014

· Three new city-wide metro duct and fibre infrastructure construction projects won: Newport, Edinburgh and Glasgow

· Master Services Agreement signed with Vodafone allowing for delivery of dark fibre across its footprint

· Joint Venture with Sky and TalkTalk progressing with delivery of gigabit speed FTTH within target economics. Sky and TalkTalk's Ultra Fibre Optic (UFO) brand launched to residential customers

· Acquisition of 24 city metro and national network assets (outside Hull and East Yorkshire) (the 'Acquisition') from KCOM Group plc ('KCOM'), for a consideration of £90.0m in cash



Post Period End Highlights:



· Readmission to AIM on 14 January 2016 via £80.0m equity placing at 50p per share

· Closing of acquisition of metro and long distance duct and fibre assets from KCOM (the 'Network Assets') on 18 January 2016

· Total funding package of £180.0m secured to fund the acquisition and future development of the assets, comprising £80.0m via the placing, alongside £100.0m in committed debt facilities

· Combined footprint (including projects under construction) of 2,150 route kilometres of metro duct and fibre assets and 1,100 route kilometre national ducted backbone network, addressing 26,000 public sector sites, 7,400 cell sites, 260,000 businesses and 3.7m homes in 37 towns and cities

· Southend-on-Sea anchor contract secured, 50km network to serve 120 public sector sites

· First new business on the acquired national long haul Network Asset in deal with SSE Enterprise Telecoms

· Year-to-date 2016 showing strong momentum, with £37.5m in new TCV including revenue committed under the Acquisition, 101 new customer connections and 107 kilometres added on the legacy CityFibre footprint, and 450 connections sold on the acquired metro footprint within 90 days of the acquisition close

· First quarter 2016 moved into positive adjusted EBITDA



Greg Mesch, Chief Executive of CityFibre, commented:

"I'm very pleased to report this set of results for 2015, a year which saw the Group fully deliver on its organic growth strategy, as well as making a truly transformational acquisition which advances our footprint expansion by five to seven years. We have more than doubled the contracted revenue on the books, added three new cities, and increased our service provider partner base to 41 relationships. The addition of the former KCOM assets to the portfolio now gives us significant presence in 37 cities across the UK, and now opens up our wholesale model to 24 of the top 30 cities outside London. So far in 2016, we've demonstrated rapid commercialisation of the acquired assets, which further underlines the strong demand for an alternative to BT Openreach at a national level."

18 Apr Liberum Capital 138.00 Buy
18 Apr finnCap 130.00 Corporate

11 May Liberum Capital 138.00 Buy
11 May finnCap 130.00 Corporate

Contract win

RNS


RNS Number : 8369Z

CityFibre Infrastructure Hldgs PLC

01 June 2016





For immediate release

1 June 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Contract win



CityFibre signs new partner agreement across Reading and Bracknell networks



CityFibre (AIM: CITY) today announces it has signed a contract with Between the Lines Communication ('BtL'), a Berkshire-based provider of integrated ICT solutions to the Enterprise and SME segments. The five-year, £3.1m agreement commits BtL to a minimum of 250 customer connections across the Reading and Bracknell networks acquired by CityFibre on 18 January 2016.



The agreement marks the seventh contract signed on the acquired assets in under five months. CityFibre has now signed agreements to bring seven of the 21 acquired city markets into commercialisation, in line with its stated strategy at the time of the acquisition. The additional contracts signed to date cover 1,200 customer connections and £18.8m in initial contract value.



Contracted revenue coverage of incremental capex associated with the new business in Reading and Bracknell is at the upper end of the Company's guidance range. Specific market launch timings for Reading and Bracknell will be released in due course.



Greg Mesch, Chief Executive of CityFibre, commented:

"We're very pleased to welcome BtL as our 48th service provider partner in opening up a further two cities on our acquired footprint. We continue to make good progress in the commercialisation of our expanded asset base. To put this in perspective, the 1,200 connections sold on the acquired assets in the first five months since deal completion are equal to our entire installed customer base at the end of 2015, and the contract value of nearly £19m added equates to 81% of all the new business we wrote in 2015. This demonstrates the ongoing strong demand for alternative wholesale fibre infrastructure in cities outside of London, where we are the sole alternative to Openreach."

1 Jun finnCap 130.00 Corporate

Master Services Agreement with Level 3

RNS


RNS Number : 0202C

CityFibre Infrastructure Hldgs PLC

23 June 2016





For immediate release

23 June 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



CityFibre agrees Master Services Agreement with Level 3

First call off in Edinburgh under new agreement



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the signing of a national Master Services Agreement ('MSA') with international network, voice and data services provider, Level 3 Communications Limited ('Level 3'). The Company also announces today the first call off under the MSA, across the Group's Edinburgh network.



The MSA sets out standard terms and pricing under which Level 3 can procure fibre from CityFibre's expanded network to service its numerous enterprise customers across the UK.



The first call-off under the MSA is a dark fibre metro ring on CityFibre's Edinburgh network, to which Level 3 will connect local customer sites.



Greg Mesch, Chief Executive of CityFibre, commented:

"We are delighted to be able to announce both the MSA and the first commercial call-off in Edinburgh with Level 3. This marks an innovative solution for CityFibre customers, in providing both a resilient dark fibre metro ring as well as additional connections to customer locations.

"This agreement demonstrates the enhanced relevance our UK footprint now has to international service providers providing solutions to the UK market. Clearly, with our expanded presence in 37 towns and cities across the UK, we offer increased scope for Level 3 to migrate customers to on-net dark fibre connections with significant advantages in terms of cost and solution architecture."

Trading update

RNS


RNS Number : 0628F

CityFibre Infrastructure Hldgs PLC

25 July 2016





For immediate release

25 July 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Trading update



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to provide a trading update for the six months to 30 June 2016.



The Group continued to see strong demand for its national fibre infrastructure in the first half, booking record levels of new orders.



Initial contract value added in the first six months totaled £53.8m, more than double the amount added in all of 2015 (£23.2m), and over six times the level added in H1 2015 (£8.1m).



New contracts signed in the period comprise 3,702 new customer connections, more than three times the total amount sold in all of 2015 (1,110), and over eight times the level added in H1 2015 (458).



Of the new connections sold, new anchor contracts represented 55%, and incremental business comprised 45%. Excluding the legacy KCOM customer connections in the acquired footprint, 93% of new connections sold in the period were incremental sales on existing assets.



The Company ended the first half with 49 service provider relationships, up from 33 one year ago and 41 at the end of 2015. Notable additions in the period were new trading relationships with Level 3 and SSE Enterprise Telecoms, who join CityFibre's growing ranks of national partners, including KCOM, Vodafone, MBNL, Three UK, Capita, Serco, Interoute, and Logicalis.



The Group's medium term target of a 50 city footprint is fully funded by the £80m equity placing and debt facilities of up to £165m closed in January.



Financial performance of the Group in the first half is in line with expectations for the full year.



The Company will announce financial results for the six months to 30 June 2016 on Monday 26 September 2016.

25 Jul finnCap 130.00 Corporate

Sheffield launch partner signing

RNS


RNS Number : 0578G

CityFibre Infrastructure Hldgs PLC

03 August 2016





For immediate release

3 August 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Sheffield launch partner signing



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the signing of a launch partner agreement for its acquired networks in the Sheffield metro area.



The six-year, £3.3m deal commits CityFibre partner Exa Networks to delivering 250 school and business connections under an existing national framework agreement, focused on the Company's network in Sheffield, and also brings the benefits of gigabit connectivity to schools and businesses in Doncaster and Rotherham.



Today's agreement takes the number of connections sold by CityFibre on the networks acquired from KCOM in January to 1,450, and the value of contracts sold on the assets to £22.1m.



Capex coverage on the contract is in line with the Company's stated guidance.



Greg Mesch, Chief Executive of CityFibre, commented:

"We're delighted to extend our framework agreement with Exa into Sheffield, Doncaster and Rotherham. With this latest call-off, we demonstrate our ability to leverage our expanded footprint and drive commercialisation of the acquired assets at pace, bringing 10 cities into commercial production within seven months of acquisition close. It also brings us within striking distance of 4,000 connections sold year to date."



The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Launch partnership with Onecom on Southend network

RNS


RNS Number : 3752J

CityFibre Infrastructure Hldgs PLC

09 September 2016





For immediate release

9 September 2016






CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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



Launch partnership with Onecom on Southend network



Onecom to become CityFibre's 50th service provider partner



CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the signing of a commercial launch partner agreement for its Southend-on-Sea network currently under construction.



Hampshire-based business ISP Onecom, the largest service provider in the Vodafone Partner Programme by customer connections, becomes CityFibre's 50th service provider partner, taking the Company halfway to its medium-term target of 100 service provider relationships.



The five-year, £1.7m agreement commits Onecom to a minimum of 150 business customer connections across CityFibre's network of up to 100 kilometres currently under construction in the city.



With the conclusion of today's agreement, CityFibre has now sold a total of 270 connections on the Southend asset, representing an incremental unit sales uplift of 125% above the original anchor customer commitment in only six months.



Greg Mesch, Chief Executive of CityFibre, commented:

"We're delighted to add Onecom as our 50th service provider partner relationship and our launch partner to deliver superior pure fibre connectivity solutions to the business community in Southend. Onecom's national base of over 300,000 customer connections is testament to its established reputation for quality and customer service, making it an ideal addition to the CityFibre partner universe."

9 Sep finnCap 130.00 Corporate

Best-aim-companies-2016-named

AIM transaction of the year
This is an award that offers a number of different types of transaction. Blancco Technology (BLTG) sold its original core electronic repairs business to concentrate on its fast-growing data erasure and security operations. Part of the proceeds of the disposal were returned to shareholders and the rest is being used to grow the remaining business.
Aggregates supplier Breedon (BREE) announced the £336 million acquisition of Hope Construction Materials late last year, but completion was delayed by the competition authorities. Breedon had to sell 14 ready-mixed concrete plants for the deal to go ahead. This deal made Breedon, which started as AIM shell Marwyn Materials in 2008, into the UK's largest construction materials supplier.
At the turn of the year, fibre optic infrastructure developer CityFibre Infrastructure Holdings (CITY) paid £90 million for KCOM's network assets outside of the Hull area - a 45% discount on what it would cost to replicate them - and raised £80 million at 50p a share. This makes CityFibre more than five years ahead of where it would be in terms of organic growth and gives it a national presence.
MP Evans (MPE) has sold its cattle assets at a profit of $7.38 million and is concentrating on its Indonesian oil palm plantations. Net debt was $6.7 million at the end of June 2016, but the final disposal proceeds received in July were $79.7 million - with an estimated tax charge of $13.8 million payable on this figure. This provides cash to spend on land and planting oil palm.
Best guess: Breedon

CityFibre acquires duct and fibre network assets
StockMarketWire.com
CityFibre, a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, has acquired entire metropolitan local access duct and fibre network assets of Redcentric.

The acquired assets comprise 137km of duct and fibre networks serving 188 Redcentric customer connections, with principal footprints covering Cambridge, Portsmouth, and Southampton, along with complementary incremental coverage in the existing CityFibre footprints of Nottingham, Derby and Northampton.

With this agreement, CityFibre expands its metro fibre presence to 40 cities, including 25 of the top 30 cities outside Greater London.

At 9:35am:
(LON:CITY) Cityfibre Infrastructure Holdings Plc share price was +0.5p at 64p


Story provided by StockMarketWire.com

26 Sep
Liberum Capital
138.00
Buy


26 Sep
finnCap
130.00
Corporate

From the company site -CityFibre acquires all Redcentric duct and fibre networks





Press release September 26, 2016

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The Economist discusses CityFibre and the acceleration of Gigabit network deployments worldwide


How pure fibre broadband will transform UK business – a guest blog from Broadband Genie


CityFibre and Fujitsu announce engineering agreement to roll out pure fibre infrastructure in UK


CityFibre adds Cambridge, Portsmouth and Southampton footprints, taking its presence to 40 cities
CityFibre has today completed the acquisition of all metropolitan local access duct and fibre network assets of leading IT Managed Services provider Redcentric. These assets total at least 137km. The deal accelerates CityFibre’s recent growth still further as it now owns 40 major UK metro networks, becoming an increasingly powerful national competitor to BT Openreach.
Pursuant to its strategy of growing footprint through acquisition of non-incumbent owned fibre infrastructure assets, the deal provides CityFibre with significant metro networks in Cambridge, Portsmouth and Southampton along with complementary incremental coverage in a number of existing city footprints including Nottingham, Derby and Northampton. It also saves CityFibre considerable time and millions of pounds in capex when compared to a self-build alternative.
In the £5m network acquisition, CityFibre has secured £4.5m in long term dark fibre leasing commitments from Redcentric who become a major new customer. Redcentric will continue to operate the fibre infrastructure to serve the connected customers. CityFibre’s new network will continue to serve 188 Redcentric customer connections. As part of the transaction, Redcentric has also entered into a framework agreement with CityFibre for the use of CityFibre’s infrastructure across its national footprint in future. As with all its network assets, CityFibre will soon make the new footprint available to its wholesale partners comprising business ISPs, public sector service integrators, mobile operators and data centres amongst others.
The newly acquired networks, such as the 44km footprint throughout Cambridge, are all routed to address local areas of identified high demand for high bandwidth services. This will be of immediate benefit to CityFibre’s partners. In Cambridge, the network reaches many of the city’s key science, business and research parks home to a vast range of the UK’s most successful high technology businesses. Once made widely available, the networks will also benefit the wider local communities as they attract inward investment and stimulate economic development.
Fraser Fisher, Chief Executive Officer of Redcentric said: “This disposal is in line with our strategy of control over our customer affecting core assets while not tying up capital where ownership is unnecessary. We will continue to service customers in Cambridge and Portsmouth exactly as before, and expect to generate additional revenues and network efficiencies over time as a result of our developing relationship with CityFibre.”
Greg Mesch, Chief Executive Officer of CityFibre said: “We’re delighted with today’s acquisition of fibre network assets from Redcentric, which takes us to an important milestone of coverage of 40 cities. Once again we’ve shown that underutilised legacy fibre assets can find a new home in which to flourish within CityFibre’s wholesale shared infrastructure model. We’re very pleased to have secured a deal structure which benefits both our new partner and us, and we look forward to working with Redcentric across our broader national footprint.”
ENDS
About CityFibre:
CityFibre is the national builder of Gigabit Cities, as the UK’s largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 40 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.
The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre’s networks address 28,000 public sites, 7,800 mobile masts, 280,000 businesses and 4.0 million homes.
CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY).

Capacity sale to euNetworks
RNS
RNS Number : 1439L
CityFibre Infrastructure Hldgs PLC
29 September 2016
 
For immediate release
29 September 2016
 
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
Capacity sale to euNetworks
 
First capacity sale on Manchester network to leading international metro fibre provider
 
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce a new contract with leading international metro fibre provider euNetworks for capacity on its Manchester footprint.
 
The £0.5m agreement provides euNetworks with access to the Group's 40-kilometre network in Manchester for a term of 15 years in order to serve its enterprise customer base across an expanded data centre footprint in the city. The transaction adds a further seven data centres in Manchester to the CityFibre footprint and euNetworks as CityFibre's 52nd service provider customer.
 
London-based euNetworks is a Western European provider of bandwidth infrastructure services, comprising 13 fibre-based metropolitan city networks in five countries, connected with a high capacity intercity backbone covering 45 cities in 10 countries.
 
 
Greg Mesch, Chief Executive of CityFibre, commented:
 
"We're very pleased to add euNetworks, a leading international fibre infrastructure provider, to our growing ecosystem of service provider customers. Today's agreement demonstrates the value of CityFibre's metro local access footprints outside the very competitive London market, which are highly complementary to the network presence of many leading enterprise carriers focused on the Capital. We look forward to working with euNetworks across our national estate in future."   
 
 

Three city launch agreement with Onecom
RNS
RNS Number : 4501L
CityFibre Infrastructure Hldgs PLC
03 October 2016
 
For immediate release
3 October 2016
 
 
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
 
Three city launch agreement with Onecom
 
Onecom expands relationship with CityFibre to Coventry, Leicester and Nottingham
 
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce an additional contract with existing partner Onecom, across its existing network assets in Coventry, Leicester and Nottingham.
 
The five-year agreement, with an initial contract value of £3.2m, commits Onecom to 300 incremental connections across the three footprints, and brings into commercial production the Nottingham and Leicester assets acquired in January 2016.
 
On 9 September 2016, CityFibre announced a new trading relationship with Onecom as commercial launch partner on its Southend-on-Sea network, which is currently under construction. Today's announcement adds a further three cities to the Onecom presence on the CityFibre national footprint.
 
As the largest operator in the Vodafone Partner Programme, Onecom will be leveraging its extensive expertise in the business connectivity market to offer ultra-low-latency gigabit services to business customers in the four CityFibre cities, allowing them to access cloud-based services, IP voice, video conferencing, and remote backup at speeds up to ten times faster than equivalent services, at lower prices. Access to CityFibre's extensive metro local access fibre networks makes the delivery of these services possible and will help Onecom to dramatically increase its market share with a differentiated fibre connectivity offering.
 
Greg Mesch, Chief Executive of CityFibre, commented:
"We're very pleased with the rapid development of our new relationship with Onecom. In less than a month, Onecom has expanded its presence on the CityFibre footprint to four cities - the fastest multi-city ramp-up of any of our partners to date. In the short time we've been working together, Onecom have recognised that our growing network footprint allows them to address their large and diverse national customer base with innovative and differentiated new gigabit fibre connectivity options at highly attractive prices. We look forward to further expansion of the relationship across our entire footprint."   
 
 
 
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This Company should stop giving the market good news as all that happens is the shares go down. With all the chat about Open Reach being too strong and BT not playing fair with the other providers this is a significant but small alternative. I am going to forget my investment until Jan 2018 when I believe I will look them up and see £ at the front of the share price.