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/

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."

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.