Peterborough named as next FTTP city roll-out

22 March 2018 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

Peterborough named as next FTTP city roll-out

CityFibre to invest at least £30 million to expand full fibre coverage in Peterborough

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 Peterborough as the next roll-out city under its Fibre-to-the-Premise ('FTTP') partnership with Vodafone.

Peterborough, one of the UK's most advanced Gigabit City projects, is the third city launched under the strategic partnership with Vodafone UK to deliver full fibre to at least one million homes across twelve UK cities by 2021.

CityFibre has committed to invest at least £30 million in the infrastructure project, which will extend its fibre network to nearly every home and business in the city, with construction starting in May 2018. Vodafone will use the network to bring Vodafone Gigafast Broadband to customers by early 2019.

Peterborough is already benefiting from CityFibre's existing fibre network, built in 2013, and following the award of a major public-sector contract. Most schools, council offices and the main hospital currently benefit from full fibre access, and recently, high-definition CCTV and traffic management cameras were added to the network. Hundreds of businesses are already connected and benefitting from access to affordable Gigabit speed services. The network's extension will bring fibre within reach of thousands more.

According to figures from industry body Fibre to the Home Council (2014), providing full fibre to just half of all premises could result in a 1.1% rise in annual GDP. When applied to Peterborough, the city-wide fibre roll-out could unlock huge economic growth exceeding £700 million in Gross Value Added (GVA) over the next 15 years.

Residents and businesses in Peterborough can pre-register here for the service today.

Greg Mesch, Chief Executive of CityFibre, commented:

"Peterborough is the perfect demonstration of the benefits a third competitive digital infrastructure brings the UK market. Our network has delivered superior services, at a lower cost than BT Openreach. It has fuelled economic growth, innovation and inward investment and paved the way for us to bring full fibre to the entire city. Lessening dependence on BT Openreach and Virgin is not only good for Peterborough, its residents and businesses, it is critical for the UK as a whole."

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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