Source - RNS
RNS Number : 4501L
CityFibre Infrastructure Hldgs PLC
03 October 2016
 

For immediate release

3 October 2016

 

 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

 

Three city launch agreement with Onecom

 

Onecom expands relationship with CityFibre to Coventry, Leicester and Nottingham

 

CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce an additional contract with existing partner Onecom, across its existing network assets in Coventry, Leicester and Nottingham.

 

The five-year agreement, with an initial contract value of £3.2m, commits Onecom to 300 incremental connections across the three footprints, and brings into commercial production the Nottingham and Leicester assets acquired in January 2016.

 

On 9 September 2016, CityFibre announced a new trading relationship with Onecom as commercial launch partner on its Southend-on-Sea network, which is currently under construction. Today's announcement adds a further three cities to the Onecom presence on the CityFibre national footprint.

 

As the largest operator in the Vodafone Partner Programme, Onecom will be leveraging its extensive expertise in the business connectivity market to offer ultra-low-latency gigabit services to business customers in the four CityFibre cities, allowing them to access cloud-based services, IP voice, video conferencing, and remote backup at speeds up to ten times faster than equivalent services, at lower prices. Access to CityFibre's extensive metro local access fibre networks makes the delivery of these services possible and will help Onecom to dramatically increase its market share with a differentiated fibre connectivity offering.

 

Greg Mesch, Chief Executive of CityFibre, commented:

"We're very pleased with the rapid development of our new relationship with Onecom. In less than a month, Onecom has expanded its presence on the CityFibre footprint to four cities - the fastest multi-city ramp-up of any of our partners to date. In the short time we've been working together, Onecom have recognised that our growing network footprint allows them to address their large and diverse national customer base with innovative and differentiated new gigabit fibre connectivity options at highly attractive prices. We look forward to further expansion of the relationship across our entire footprint."   

 

 

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

 

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 40 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 28,000 public sites, 7,800 mobile masts, 280,000 businesses and 4 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
 
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