CityFibre Infrastructure Hldgs PLC Expansion of Public Service Network in Aberdeen (2951Z)

TIDMCITY

RNS Number : 2951Z

CityFibre Infrastructure Hldgs PLC

14 December 2017

 
  For immediate release    14 December 2017 
 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

Expansion of Public Service Network in Aberdeen

Additional 15-year agreement with Capita for 57 extra core public sector sites

CityFibre (AIM: CITY), a leading designer, builder, operator and owner of fibre optic infrastructure in UK towns and cities, is pleased to announce a further agreement with Capita, the ICT provider to Aberdeen City Council, to connect additional core public sector sites within the city boundary to CityFibre's metro network.

The initial contract is for 15 years, with a cumulative initial contract value ('ICV') of GBP1.7m. The contract will extend CityFibre's Aberdeen network to an additional 57 public sector locations, with approximately 17km of incremental network extension, taking total route kilometers of network in the city to over 100km.

This latest network extension will bring total public sector sites served in Aberdeen to 166, and total sites sold in Aberdeen to 419. The entry into the agreement further demonstrates the evolving and expanding demand within the public sector for gigabit connectivity throughout its broader estate. Cumulative ICV booked on the Aberdeen network now totals GBP6.1m, of which public sector business now totals GBP3.8m.

The expanded network footprint will increase CityFibre's reach and density in the city, which will drive further market opportunities in the business, public service, and mobile market verticals, as well as laying the ground for a potential extensive FTTH build in future.

Greg Mesch, Chief Executive of CityFibre, commented:

"We are very pleased to announce today's agreement with our long-term partner, Capita, to extend the existing CityFibre network in Aberdeen to bring the benefits of full-fibre to further core public sector sites. Capita and Aberdeen City Council continue to be great partners, and together we are very rapidly transforming this dynamic city into one of the best-connected communities in Scotland. Consistent with our previous experience in York, Peterborough and Coventry, this agreement further illustrates the exciting incremental business opportunities within the UK public sector, and CityFibre's unique positioning in the market leaves us very well-placed to capture this growing demand."

For further information, please contact:

 
  CityFibre Infrastructure Holdings       www.cityfibre.com 
   plc 
  Greg Mesch, Chief Executive Officer     Tel: [phone] 
                                           0602 
  Terry Hart, Chief Financial Officer 
  James Enck, Investor Relations          Tel: [phone] 
                                           6283 
  Morten Singleton, Investor Relations    Tel: [phone] 
                                           6270 
 
  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 / Richard Bootle           Tel: [phone] 
                                           2000 
 
  Vigo Communications                     www.vigocomms.com 
  Jeremy Garcia / Fiona Henson            Tel: [phone] 
                                           9700 
 

About CityFibre:

-- CityFibre is the national builder of Gigabit Cities. The Company's strategy is to establish CityFibre as a leading alternative wholesale full fibre network provider to Openreach in its chosen markets. It has metro duct and fibre footprints in 42 towns and cities across the UK and a long distance network that connects 22 towns and cities to data-centres in London and the UK regions.

-- 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. The Company estimates that CityFibre's networks have an addressable market of approximately 43,820 public sites, 7,300 mobile masts, 349,400 businesses and 4.383 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

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

This information is provided by RNS

The company news service from the London Stock Exchange

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December 14, 2017 02:00 ET (07:00 GMT)