CityFibre Infrastructure Hldgs PLC Capacity sale to euNetworks (1439L)

TIDMCITY

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 GBP0.5m 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 52(nd) 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."

For further information, please contact:

 
  CityFibre Infrastructure Holdings         www.cityfibre.com 
   plc 
  Greg Mesch, Chief Executive Officer       Tel: [phone] 
                                             0774 
  Terry Hart, Chief Financial Officer 
  James Enck, Head of Investor Relations    Tel: [phone] 
                                             6283 
 
  finnCap (Nomad and Joint Broker)          www.finncap.com 
  Stuart Andrews / Christopher Raggett      Tel: [phone] 
   (Corporate Finance)                       0500 
  Simon Johnson (Corporate Broking) 
 
  Liberum (Joint Broker)                    www.liberum.com 
  Steve Pearce / Steven Tredget /           Tel: [phone] 
   Richard Bootle                            2000 
 
  Vigo Communications                       www.vigocomms.com 
  Jeremy Garcia / Fiona Henson              Tel: [phone] 
                                             9700 
 

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 million homes.

CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). Further information on the company can be found at www.cityfibre.com

This information is provided by RNS

The company news service from the London Stock Exchange

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September 29, 2016 02:01 ET (06:01 GMT)