Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

National Framework Agreement with Updata

9th Mar 2016 07:00

RNS Number : 4699R
CityFibre Infrastructure Hldgs PLC
09 March 2016
 

For immediate release

9 March 2016

 

 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

 

National Framework Agreement with Updata

 

Partnership enables Updata, part of Capita IT Enterprise Services, to offer market-leading public and private sector services over CityFibre's national network

 

CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, has signed a national framework agreement with Updata Infrastructure ('Updata'), part of Capita IT Enterprise Services ('Capita') and the UK's market leader in the delivery of public sector connectivity and services.

 

The agreement sets out commercial terms under which Updata can access CityFibre's existing national network infrastructure to deliver cutting edge, scalable and competitively priced services to the public and private sectors.

 

With 36 major network footprints across the country, and a financed plan to reach a total of 50 cities by 2020, CityFibre's national reach will provide Updata with a flexible, powerful and future-proof alternative to incumbent networks. CityFibre's pure fibre networks will be used as a platform for Updata's growing ranks of public sector and enterprise customers as well as providing an option to migrate existing customers where commercially preferable or technically essential.

 

Greg Mesch, Chief Executive of CityFibre, commented:

 

"We are pleased to announce this important framework agreement with Updata, the UK's leading provider of public sector services and part of the wider Capita Group. This agreement cements CityFibre's position as a key supplier to the public sector, and reinforces our position as an emerging national alternative to Openreach. Our networks will provide Updata with a superior platform over which they can continue to innovate and grow. We look forward to announcing a succession of joint projects in the coming year."

 

 

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 UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro footprints in 36 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 24,500 public sites, 7,000 mobile masts, 245,000 businesses and 3.5 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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAEANDPEEXKEFF

Related Shares:

Cityfibre
FTSE 100 Latest
Value8,415.25
Change7.81