20th Aug 2015 08:06
LONDON (Alliance News) - CityFibre Infrastructure Holdings PLC Thursday said it has signed a new contract with wireless broadband provider Connexin worth GBP600,000.
CityFibre said that under the 10-year deal, it will extend its fibre infrastructure in Kingston-upon-Hull to 19 Connexin wireless hub sites.
"We're delighted to welcome Connexin aboard as a service provider partner on our Hull CORE network. This latest deal demonstrates the strong pent-up demand for alternative connectivity solutions in Hull and illustrates our ability to add significant amounts of high-return incremental business on network assets, even whilst still in construction," Head of City Sales John Pulley said in a statement.
"It is extremely gratifying to have already added nearly 40% [total contract value] over and above the anchor contract, while the network is still in construction. This represents a faster pace of commercialisation than we have previously witnessed in other markets, and it's a great validation of the transformational impact that CityFibre's presence can have on a city's connectivity market," he added.
Shares in CityFibre were trading down 0.9% at 53.50 pence Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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