30th Jun 2016 07:00
For immediate release | 30 June 2016 |
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
First call-off under framework agreement with Capita
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the first call-off of dark fibre connections under its existing framework agreement with Capita IT Services Limited, previously announced in March 2016.
This initial call-off will see CityFibre connect 109 schools and public sector sites served by Capita on the existing CityFibre footprint, in line with the standard financial metrics laid out in the framework. Contract capex coverage is expected to be in line with previous guidance.
Greg Mesch, Chief Executive of CityFibre, commented:
"We're delighted with this first order from Capita, which again underlines the value of the trading relationships we've established via our various national framework agreements in driving higher utilization rates across our footprint. We continue to demonstrate that there is huge pent-up demand within the public sector for gigabit speed connectivity to future-proof the infrastructure of public service delivery and education."
For further information, please contact:
CityFibre Infrastructure Holdings plc | www.cityfibre.com |
Greg Mesch, Chief Executive Officer | Tel: 0845 293 0774 |
Terry Hart, Chief Financial Officer |
|
James Enck, Head of Investor Relations | Tel: 0333 150 6283 |
|
|
finnCap (Nomad and Joint Broker) | www.finncap.com |
Stuart Andrews / Christopher Raggett (Corporate Finance) | Tel: 020 7220 0500 |
Simon Johnson (Corporate Broking) |
|
|
|
Liberum (Joint Broker) | www.liberum.com |
Steve Pearce / Steven Tredget / Richard Bootle | Tel: 020 3100 2000 |
|
|
Vigo Communications | www.vigocomms.com |
Jeremy Garcia / Fiona Henson | Tel: 020 7830 9700 |
About CityFibre:
CityFibre is the national builder of Gigabit Cities, as the UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 37 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.
The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre's networks address 26,000 public sites, 7,400 mobile masts, 260,000 businesses and 3.7 million homes.
CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). Further information on the company can be found at www.cityfibre.com
Related Shares:
Cityfibre