CityFibre Infrastructure Hldgs PLC Aberdeen named as next FTTP city roll-out (4551F)

TIDMCITY

RNS Number : 4551F

CityFibre Infrastructure Hldgs PLC

21 February 2018

 
  For immediate release    21 February 2018 
 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

Aberdeen named as next FTTP city roll-out

CityFibre to invest at least GBP40 million in full fibre infrastructure for the Granite City

in partnership with Vodafone

CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce Aberdeen as the next roll-out city under its Fibre-to-the-Premises ('FTTP') partnership with Vodafone.

Aberdeen is the second UK location to be announced as part of the strategic partnership between Vodafone and CityFibre, unveiled in November 2017. The partnership focuses on extending CityFibre's existing core network infrastructure to deliver FTTP to 12 cities, reaching one million homes across the UK by 2021.

Aberdeen was chosen as the first FTTP city in Scotland because of the city's emergent tech sector, the council's forward-looking commitment to 'smart city' initiatives, and the strength of its support for the project.

Aberdeen will become Scotland's first city in which nearly every home and business will have access to gigabit-speed broadband. It will also help the Scottish Government achieve its 'Reaching 100%' ambition of making Scotland one of the best-connected places in Europe, unlocking its full potential in a digital world.

CityFibre will invest at least GBP40 million in the city-wide roll-out, with construction of the new FTTP network to commence in July this year. Customers in Aberdeen will be able to pre-register for the Vodafone full fibre service from today at www.vodafone.co.uk/broadband/ultrafast, with the first live services expected by early 2019.

Greg Mesch, Chief Executive of CityFibre, commented:

"Our commitment to Aberdeen is further evidence of the action CityFibre is taking to deliver Britain's full fibre future. Our existing network in Aberdeen provides us with an eighteen-month head-start on a full fibre roll-out to nearly every home and business in the city. With similar FTTP backbone networks already built in over 40 UK towns and cities, our contribution to national full fibre coverage is well underway. We are getting on with the job of building Gigabit Britain - at full speed."

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 
 
  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 UK's leading alternative provider of wholesale full-fibre network infrastructure. With dense duct and fibre footprints in over 40 cities throughout the UK, it provides a portfolio of active and dark fibre services to its customers which include service integrators, enterprise and consumer service providers, local authorities and mobile operators. CityFibre has begun a roll-out of Fibre-to-the-Premises in a strategic partnership with Vodafone, targeting 5 million homes and businesses by 2025. CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). www.cityfibre.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 21, 2018 02:00 ET (07:00 GMT)