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Cityfibre Share Discussion Threads
Showing 4426 to 4448 of 4450 messages
|So, is this Telewest mk 2 if anyone can remember that far back ?|
Ofcom, BT agree on Openreach compromise
BT Group's compliance with Ofcom's request to legally separate its Openreach infrastructure division from the rest of the company (see Openreach: the dance goes on) should have the positive effect of speeding up the process without the delay of any judicial challenge.
The move will see 32,000 BT Group employees transfer to Openreach which will be run as a separate company with its own non-BT branding, chairman and board of directors responsible for Openreach's operating plans and technology strategy. But ultimately Openreach will still be accountable to (and controlled by?) the BT Group chief executive and trading will remain with BT.
Both Ofcom and BT hailed the accord as a success though rival broadband providers wanting a complete severance of all Openreach ties to its parent company will remain cautiously sceptical.
Other high speed fibre optic networks are available in many of the UK's major towns and cities courtesy of Virgin Media Broadband, Vodafone, Sky and other retail suppliers. CityFibre too is emerging as a credible alternative to BT Openreach on wholesale supply (subscribers to SecureConnectViews can read our report CityFibre: building Britain's broadband future here).
But the vast majority of UK copper and fibre broadband infrastructure is still under BT control and competitors have long complained of difficulties and delays accessing the Openreach network to provision their own services.
The timing of the announcement looks significant on paper, coming a day after BT Group announced a new chairman in Rio Tinto chief Jan du Plessis. Like a football team appointing a new manager, we detect a desire to kick off with some positive news to boost confidence all round. But it is equally likely that du Plessis and other BT execs simply felt this particular Openreach battle was simply a battle not worth fighting considering the company's more pressing concerns elsewhere.|
|Response to legal separation of Openreach
March 10, 2017
“The real story here is the UK’s shocking ‘fibre gap’. Whilst it is welcome that these time-consuming negotiations seem to be at an end, there is nothing in this announcement to suggest Openreach will now start to build the fibre infrastructure this country needs. Ofcom’s focus needs to shift to encouraging alternative fibre builders to do the things Openreach can’t or won’t do – whatever its legal status.
“CityFibre is well placed to take on that challenge and to meet Ofcom’s strategic objective of reducing the UK’s reliance on Openreach to get the job done. The substantial Government funding for fibre announced in the budget this week will help to accelerate our own full fibre rollout programme.”
– Mark Collins, CityFibre’s Director of Strategy and Policy|
|Good rebound recently. Hopefully get a bit more colour on govt's digital investment in the budget tomorrow.
finnCap have 130p target, Liberium 138p|
|Comment March 01, 2017
CityFibre welcomes today’s publication of the Government’s Digital Strategy – which once again signals the need for the UK to move towards a full fibre future – but argues that firm targets and an alignment of government policy and sector regulation behind the goal of greater infrastructure competition is needed if the vision is to be delivered.
Today’s long-awaited Digital Strategy outlines the Government’s plan to become a leading digital nation, building on the UK’s existing digital strengths and maximising the potential of emerging technologies, such as Artificial Intelligence and the Internet of Things, to drive up productivity, remain internationally competitive and realise opportunity across the country.
The Government once again recognises that “first and foremost, being a digital leader depends on being connected” and that “the future of high-speed and high-quality connectivity lies in deeper, more extensive fibre networks”. To deliver this goal, the Strategy reconfirms the £1bn programme of funding “to explore and encourage next generation digital infrastructure, including full fibre and 5G” that was announced in the 2016 Autumn Statement. It also includes a commitment to work with regulators and industry so that “broadband adverts accurately reflect reality”, crucially ensuring that adverts apply “terms like ‘fibre’ only when full fibre solutions are used”, as well as announcing a new Business Connectivity Forum to bring stakeholders together “to help businesses access fast, affordable and reliable broadband”. However, the Strategy falls short of providing details on how this vision will be delivered and by when.
As the largest competitive investor in wholesale fibre infrastructure, CityFibre is already building the full fibre digital backbone the UK needs to deliver the Digital Strategy. With infrastructure in 42 towns and cities across the UK, including 25 of the top 30 cities outside London, and an ambition to expand to 100 cities by 2025, thereby delivering true fibre connectivity to 60% of the UK’s businesses and 40% of homes outside London, CityFibre is well placed to underpin the UK’s digital ambitions.
Mark Collins, CityFibre’s Director of Strategy and Policy, commented: “The Government has once again outlined a clear direction of travel for the UK – extensive full fibre networks capable of delivering the transformational gigabit connectivity needed to be a leading digital nation. As the company behind the UK’s growing ranks of Gigabit Cities, CityFibre is fully supportive of this vision. With the UK lagging behind its international competitors on full fibre deployment, we now urgently need to create the right incentives for investment in new infrastructure, rather than continuing to focus on the UK’s legacy copper network. This means firm targets for deployment, ensuring that the goal of full fibre is embedded across all areas of central and local government policy, including in the upcoming Industrial Strategy, and ensuring that policy and regulation are pulling in the same direction – for example on consumer advertising of fibre broadband products and telecoms regulation.”|
|TechMarketView have published a New Research Note. Not a subscriber but they are well followed, so may generate some interest now.
Friday 03 March 2017
*NEW RESEARCH*: CityFibre – building Britain’s broadband future
In any two horse race, backing the second favourite is always a good bet and UK wholesale fibre specialist CityFibre is now poised to become a credible competitor to BT Openreach.
The company grew its revenue 134% last year after buying network assets from KCOM and Redcentric, and continues to capitalise on the political and financial stimulus behind improving the UK’s digital infrastructure coupled with pent-up demand for high speed fibre broadband from businesses and consumers.
|Looks like lows were hit yesterday and hopefully heading back to 50p plus territory.|
Had completely missed that|
|Don't think so, as departure was explained in interims and he thanked.|
|CEO/Chairman fall out?|
|New Chairman looks fine:
|Y/e trading statement held no horrors:
|Not sure why this has drifted down so far this year?
what happened to the old Chairman?|
|Promotional post - The Growth and Innovation Forum will show you how to take advantage of new investment opportunities in technology stocks and funds. Come and see Terry Hart, CFO – CityFibre and 20 other companies present at the Growth and Innovation Forum on 31st January 2017 at Business Design Centre London. Find the next stock market ‘winner’. Satellite Solutions Worldwide +79%, CyanConnode +43%, Instem + 44%, Summit Therapeutics +32% and XLMedia +46% all attended last year. Click to register to attend for free Https://goo.gl/J9pCpW
The other companies also presenting Jaywing, RedstoneConnect, Blancco Technology Group, CloudCall, Frontier IP Group, CyanConnode, Bango, LoopUp, CityFibre, TP Group, AJ Bell, ANGLE, Legal & General UK Alpha Trust, Defenx, Instem, WANdisco, Collagen Solutions, Avacta, One pm Finance, Cenkos Securities and Mirada. Https://goo.gl/J9pCpW|
|A slightly different take from the one above:
|TALK interims out this morning with latest on JV:
York Fibre-To-The-Premise Trial extended to cover whole city
We have made excellent progress with UFO, our Fibre-To-The-Premise (FTTP) trial in York. The initial roll out has covered over 14,000 homes, with nearly 2,500 (over 18% penetration in 6 months) customers signing up to the service with TalkTalk and Sky since the beginning of the year. Residents and businesses have embraced the ultrafast service, as they discover a broadband service that delivers seamless, uninterrupted internet access on multiple devices. The network has been available for 100% of the reporting period. Build costs have come in significantly under our £500 per home target and customer take-up and satisfaction are also running ahead of targets. Customer satisfaction scores for the UFO product are strongly outperforming FTTC, with scores consistently averaging over 80% with almost no customer churn.
Following the success of this first phase, work will now begin on extending the network across the rest of York. The build will start in the Spring of 2017 and is expected to reach a further 40,000 homes over 18m, covering the vast majority of the city's premises. TalkTalk will acquire Sky's equity in the joint venture with Sky becoming a long term wholesale customer. The York rollout is expected to cost c£20 million to complete, which will be funded by TalkTalk, with City Fibre Holdings continuing as a shareholder in the joint venture.|
|Director share sales, and a brief explanation:
|Macquarie initiates with OUTPERFORM rating and 93p target|
|Big trades this am so I suspect that a large sell order has been filled and that we might now move north. Fingers crossed. GLA|
|I don't really get the business model. They circled the estate where my office is and offered us a connection at £200pm minimum. We waited for BT to enable our exchange and got a fibre connection for £25pm. I doubt if anyone on our estate had contracted with them.|