CityFibre Infrastructure Hldgs PLC Trading Update and Notice of Results (3259F)

TIDMCITY

RNS Number : 3259F

CityFibre Infrastructure Hldgs PLC

20 February 2018

 
  For immediate release    20 February 2018 
 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

Trading Update and Notice of Results

CityFibre (AIM: CITY), a leading designer, builder, operator, and owner of fibre optic infrastructure in UK towns and cities, is pleased to announce the following trading update for the year ended 31 December 2017, confirming results* will be in line with current market expectations.

The Company had a strong end to 2017, securing a groundbreaking strategic partnership with Vodafone to roll out Fibre-to-the-Premises ('FTTP') to at least one million homes in twelve existing CityFibre towns and cities alongside securing two public sector contracts in Scotland - a 19-year framework agreement with Glasgow City Council and an additional 15-year agreement with Capita for the expansion of the Public Services Network in Aberdeen.

Against the backdrop of a rapidly evolving communications infrastructure landscape in the UK, CityFibre continues to make demonstrable progress on the development of its core UK networks. In addition to ongoing commercial initiatives to capture a large share of the growing public sector pipeline and to further leverage sales opportunities in the business market via its wholesale channel partner network, Entanet, the Group continues to advance its FTTP partnership with Vodafone to deliver the first one million premises, as part of our broader five million premises anchor framework agreement.

Detailed planning and preparation work is underway for all 12 cities that will make up the first one million homes. Milton Keynes was announced as the first city in January, with preliminary mobilisation currently underway and construction to commence by the end of Q1. Subsequent full city builds will be announced in due course.

Notice of Results

The Company intends to announce its audited results for the year ended 31 December 2017 on Tuesday 24 April 2018. The Company will be hosting a meeting for analysts at 9:30am on the day and a webcast of the presentation will be available to view on CityFibre's website shortly after the conclusion of the meeting. To register for the event, or for further information, please contact Vigo on [e-mail].

*Subject to audit

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 / Emma     Tel: [phone] 
   Lord                                    9701 
 

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 towns and 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 infrastructure 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 20, 2018 02:00 ET (07:00 GMT)