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Panic measures lol
BT and Virgin Media oppose sale of BT's infrastructure division Openreach in joint ad campaign. https://www.uswitch.com/broadband/news/2016/09/bt_and_virgin_media_to_talk_up_uk_s_broadband_in_joint_ad_campaign/
All opinions are welcome here.
book values aren't the same as market values. "According to analyst Megabuyte, the national network assets that are for sales originally cost KCOM £238m but are now valued at £42m." http://www.channelregister.co.uk/2015/11/30/kcom_network_assets_sale_half_year/ Also quote taken from the 2015 results " The consideration of £90.0m in cash is estimated by the Directors to represent a 45% discount to costs of replicating the networks." not trying to be argumentative just balancing it out.
I don't agree. I think its public knowledge within the telecoms industry that CF typically invoice resellers annual rentals. resellers as far as I am aware lock down their customers to 3 or 5 year contracts. again I think this is fairly well known within the industry if your familiar with it.
Aquired KCOM assets book value was less than £45M, Cityfibre paid more than double. The turnover is unlikely to explode as a lot of Cityfibres figures hypothetical, based on possible revenue (addressable properties, customers, etc, instead of actual connections, properties past etc,).
they got the assets from KCOM at a bargain price. it should be transformational for the company. and should turnover explode and I predict a good PE ratio also.
Hawk, no complaints from me. They can keep stacking up these useless deals as long as they want for me. DYOR
Another useless deal. Signing up with a couple of resellers does not guarantee revenue. It is based on hypothetical figures. It is very expensive to provide service to random businesses without an anchor contract with the Council. And I doubt if they will get any schools as suggested since they are all owned and controlled by the Council. Let’s see what emerges.
Bad news from city. Another deal. DYOR always
Could be to do with the recent Ofcom decision aboutd to BT Openreach. Dyor
is a very huge company and is listed. Its share has not really gone anywhere over the past 5 years or so. It needs massive deals to make any difference to its profits. Dont you think there is space for City at all to make some reasonable returns . DYOR alway before investing
mcautious. Yet again your info is incorrect. Most of the previous so called �Gigabit Cities� are outside the reach of the acquired KCOM Network and are served by leasing backhaul from providers such as Level 3 Communications, and in some cases without diversity. Hope their customers are aware of this. Regarding the new towns/cities on the KCOM long haul infrastructure, CityFibre does not have any equipment at the locations as the KCOM deal did not include network switching, transmission, control and application elements for which the ownership has been retained by KCOM Group. CityFibre will go bust if it tries to equip all these locations. In contrast, Zayo has an extensive metro and long-haul fibre infrastructure around the UK, as well as transatlantic capabilities, connectivity onward to Europe and a diverse network infrastructure to Dublin, with a full suite of products. http://www.zayo.com/solutions/global-network/uk-ireland-network/
"Whereas CityFibres acquired Network only spans between London, Bristol and no further than York and Harrogate. http://www.cityfibre.com/acquisition-update" Yet again I have to correct you on this, CF not only now has the KCOM long haul infrastructure but has been able to add many new town/cities to it original 10 previous gigabit cities giving a major town/city reach of at least 37 locations in the UK so more significant than you seem to think.
But more to do, its an evolving situation. Time will tell. But some very heavyweight investors on board so they give me more confidence to weather a few short term share fluctuations and negative comments from time to time But always always do your own research
Foggy100, You have totally missed the Plot. n the UK, Angie's Partners are Zayo and Colt, not CityFibre. CityFibre was rejected.
Since you seem to know so much .....Answer this ... For Ang.IE Wireless extreme, how is the Traffic being backhauled to the IA Cloud ? IE (Sic) Via Whose Network is it being carried
Ang,ie quote : We have selected, and are working with, some of the nation's largest fiber network operator, technology firms and partners
ANG.IE....Quote......The company is building the world's only multi-nation next-generation communications infrastructure, anchored on optical fiber, which the firm either directly owns or leases from some of the world's largest fiber network operators. In aggregate, Angie will connect its gigabit users to multi-(ten) terabit pipes. Lease
Foggy100. You are again making false statements. It does not say anywhere on the Angie.ie site that CityFibre is a Partner. All those companies you listed are mentioned but it states that some of the Angie team members have had experience working for these companies, including Cityfibre and not that they are partners. Obviously, you did not do your homework very well.
Do not insult me . I have taken this list of Partners directly from the Ang.IE website. They themselves quote City as a Prtaner, I am not inventing it, I am not ignorant and I am not mis-informed. You are making Wild , mis-informed and igorant statements like Ang.IE will wipe out CF and this is a Blatent untruth whereas I have done the homework and researched teh Ang.IE corporate webiste for the FACTS. Do one Pie Lock
mrcautious, Your info is incorrect, Zayo fiber optic infrastructure spans more than 3,000 miles and connects over 250 data centres and BT exchanges via exceptional network routes. The network spans from Glasgow to London and connects other cities and markets such as Manchester, Birmingham, Bristol, Leeds and Edinburgh. Check this out: http://www.zayo.com/solutions/global-network/uk-ireland-network/ Whereas CityFibres acquired Network only spans between London, Bristol and no further than York and Harrogate. http://www.cityfibre.com/acquisition-update/
Right ! Eihumphries let me address a few points you have made. Fisrtly ZAYO and Lev 3 are mainly greater London plays and have limited town infrastructure out of Greater London. CF have specifically said that this is a crowded market so why crowd it more. The KCOM network was disposed of by KCOM as far as I can see because a) they needed the cash and b) their model doesnt suit a long-distance network which is largely what this is, whilst it complemented the interlinking of CF's various town networks. CF are looking very much at the Gigabit Town/City network model which I think is working quite well at present from my direct industry knowldege and activities to date. On the point "Angie can provide an ultra Intelligent Wireless Gigabit service to public sector, businesses and residential customers a lot cheaper than Cityfibre." Would CF want to do this ??? It is not their business, they would provide the backhaul and an organisation like Angie would not be experienced in or willing to dig fibre everywhere themselves. On this point "CityFibre is hardly getting any new customers and with just one customer on it�s dark fibre network, I can see cityfibre�s days limited. It will be wiped out." This is clearly a ridiculous statement from someone who is obviously out to de-ramp the share. CF have many med/large and perhaps more importantly long-term customers now, I know this because I have worked with them and so have first hand experience - where is your knowledge of CF's situation coming from, are you in this industry ?
Mrcautious, CityFibre is not the only Dark Fibre provider, Zayo and Level3 also provide DF who have more and better networks with full Diversity. CityFibre also leases some backhaul capacity from Level 3. CityFibre has bought a KCom Network but so far the only customer on it is SSE on a short distance. KCom couldn�t make it work, what makes you think CityFibre can? CityFibre is concentrating on Anchor Contracts which they can utilise to offer Gigabit service through resellers. But they won�t be getting any more anchor contracts as Councils are becoming aware that other Telcos can provide Gigabit service at a more affordable price. Angie can provide an ultra Intelligent Wireless Gigabit service to public sector, businesses and residential customers a lot cheaper than Cityfibre. CityFibre is hardly getting any new customers and with just one customer on it�s dark fibre network, I can see cityfibre�s days limited. It will be wiped out.
Foggie100, You are either totally misinformed or ignorant, Where is CityFibre a Partner? Angie Communications is making Slough an �ultra Intelligent wireless Gigabit City�, first in the world and far superior to CityFibre�s Gigabit cities, some of which are without customers. Angie rejected CityFibre in Slough and are Partners with Zayo and Colt who have a better and more reliable dark fibre Network. Your claim of all the other Companies as partners all over the world is nonsense. Most of them don�t even offer Dark Fibre. Give us example of where CityFibre is a Partner with Angie Communications.