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CITY Cityfibre

80.90
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cityfibre LSE:CITY London Ordinary Share GB00BH581H10 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 80.90 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
80.80 81.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 80.90 GBX

Cityfibre (CITY) Latest News

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Cityfibre (CITY) Discussions and Chat

Cityfibre (CITY) Most Recent Trades

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Cityfibre (CITY) Top Chat Posts

Top Posts
Posted at 31/5/2018 13:55 by gerdmuller
Closed my June expiry spread bet this morning at only just over 1p below the price being offered.

As a price like that is available now it may also be worth closing my share holding as well. Can't see any chance of another bid and this could be a long while until payment. No rush at the moment though.
Posted at 25/4/2018 16:44 by gerdmuller
Looking at Antin they don't seem to have any telecom assets in the UK so I don't think there would be any regulatory issues. You get all sorts of trades going on like this but as you say many will look at the possibility of making a few percent by buying at the current price.

These bids usually go through but can take longer than a couple of months. I had Paysafe last year and that was five months before we got paid after the initial bid.

But for me I have a lot of cash in the portfolio so I can wait.
Posted at 24/4/2018 09:13 by kevph
I imagine the work behind the scenes was to get Vodafone lined up for this. If they aren't happy with the arrangement then they no doubt have get out clauses. Part of me wonders whether they saw CITY as their potential company once the hard yards were dug, and whether they might stick an offer in, if this is a surprise to them.
Posted at 24/4/2018 08:39 by barriew
I was a little disapoimted as i put these in my sipp last year, yes a great rise to day and sold 2 p below the offer price but i really thought this would grow a lot lot more over the next few years.
All the great companies get taken out,
Posted at 24/4/2018 07:13 by asturius101
from the chairman's statement in the final results: "We also announced on 24 April 2018 a recommended cash offer from a consortium made up of Antin Infrastructure Partners and West Street Infrastructure Partners for CityFibre at 81p per share"...This is going to rocket!!!AIMHO, DYOR 
Posted at 24/4/2018 07:12 by ltinvestor
Quite amazing news.£537m!!!What price Hyperoptic????
Posted at 23/4/2018 10:59 by gerdmuller
Yes, these have had an extremely poor year so far so it will be interesting to see what they say tomorrow. We are still in the early stages of a very long term investment here so hopefully they have positive things to say as the price needs it.
Posted at 05/4/2018 10:06 by teleprompter
It is worth noting that the recent bid for Gigaclear and its 15,000 customers values the company at £270m. Given that CityFibre is fairly near to break-even (give or take a year!) its a wonder why it is rated so poorly compared to the unquoted loss-maker.

Gigaclear's customer base is entirely retail. CityFibre's customer base is significantly more diverse with large wholesale and business enterprise segments. Retail support is high cost maintenance - particularly in the telecoms and IT industry. The retail service element with City Fibre is borne by Vodafone and others.

See also:
hxxps://www.thinkbroadband.com/news/8003-cityfibre-responds-to-lga-full-fibre-kitemark-call
Posted at 21/12/2017 15:02 by gerdmuller
VOD started testing 5G.

This was on the VOD board. I have a few of them as well but when this gets moving it probably will be more significant for CITY. 5G on the way with CITY at the forefront.



“We’re delighted to be the first provider to test standalone 5G in the field, however, building a 5G network will take time,” said Vodafone UK head of networks

Kye Prigg. “Right now, we’re also modernising our network by making smarter use of our existing mobile technology to keep ahead of consumption demands and provide the mobile coverage our customers deserve.”

“5G also needs fibre optic cables,” Prigg added. “Together with CityFibre, we will soon start work installing the advanced fibre networks providing high-capacity backhaul connections required for 5G mobile services.”

Vodafone it should be remembered signed a deal in 2015 with CityFibre to bolster its mobile network with CityFibre backhaul. It also acquired the fixed-line network of Cable & Wireless Worldwide (C&WW) back in 2012 for £1 billion.

“Supporting our customers in making 5G a reality is key for us,” explained Marielle Lindgren, Head of Ericsson in the UK and Ireland. “This is a live trial in a densely populated central London urban area and the first time in the UK that we’ve been able to show pre-standard 5G working independently.”;
Posted at 04/4/2017 09:40 by twistednik
CityFibre hires Macquarie, Rothschild to advise on funding plans - reports

CityFibre [LON:CITY], a UK-based fibre optic network company, has reportedly hired the investment banks Macquarie and Rothschild to advise on funding plans, an Ft.com report on Monday, 3 April, cited an item on the TMT Finance website for the information.

The Ft.com report quoted one person familiar with the situation as stating, CityFibre needs to renegotiate a debt of around GBP 100m (EUR 117m) this year as the debt carries a very high interest rate. CityFibre is looking to secure a fresh debt facility in addition to refinancing the GBP 100m debt so as to finance network investment, according to the report.

CityFibre could as an alternative pursue an equity fundraising, the item said. However, a person familiar with CityFibre thought that doing so might be dilutive, the article added.

A sale to a rival is another option for CityFibre, the person added. However, CityFibre executives do not want to sell before the company reaches its potential, the person added.

The person tipped CityFibre’s rivals Zayo [NYSE:ZAYO] and euNetworks [SGX:EUNG] as two potential buyers for its network assets.

CityFibre later, on 3 April, issued a response to what it described as “media speculation.” The stock exchange announcement from CityFibre follows:
Response to media speculation

CityFibre (AIM: CITY), notes the recent speculation relating to its future expansion plans.

The Company has previously announced that the expansion of its fibre footprint is the core of its long-term strategy. The Company consistently reviews, with its advisors, all of its opportunities and how to finance them in the most efficient way. This is particularly relevant in light of the recent Ofcom review and DCMS announcement which may give rise to a number of exciting opportunities.
Cityfibre share price data is direct from the London Stock Exchange

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