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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cityfibre | CITY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 80.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 80.90 | 80.90 |
| Top Posts |
|---|
Posted at 04/5/2018 13:05 by rambutan2 Cash strapped Woodford selling out at 76.5p to a few hedge funds, who no doubt are only too happy to sit and wait for the risk free 4.5p balance. |
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 12/4/2018 13:29 by rambutan2 Worth noting that Woodford actually added a few last week, when in general he's been reducing as under pressure from redemptions etc. |
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.thinkbro |
Posted at 21/2/2018 10:05 by rathean Great choice for next mega fibre city. They already have the framework and kit in place in Aberdeen, full backing of the Council and will be generating new income by 2019.40 million investment funded from previous investors, looking for this to test historic lows just south of 40 before buying back in. |
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 14/11/2017 07:59 by teleprompter See Daily Mail City section today.The next step is FTTT - fibre to the tower - the need to provide extensive fibre for the deployment of 5G. Vodafone has been the European standards leader for wireless. |
Posted at 10/11/2017 12:07 by qs99 Decent buying IMO and mopping up any sales after great rise this week.... key will be next mond-tues imo and whether management/city talks have created any more demand.... DYOR ETC |
Posted at 10/11/2017 09:27 by george stobbart And who cares about Hyperoptic / Soros? Soros Funds Management sold GDS Holdings and since then GDS is up +120%. The deal for CITY is very big, lots of upside |
Posted at 04/4/2017 09:40 by twistednik CityFibre hires Macquarie, Rothschild to advise on funding plans - reportsCityFibre [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. |
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