LONDON (Alliance News) - CityFibre Infrastructure Holdings PLC said Tuesday that it has received its first contract under its Master Services Agreement with Vodafone Ltd.
Under the agreement CityFibre will supply fibre connectivity in the City of York using its existing fibre network. Financial details of the contract were not disclosed.
The Master Services Agreement sets out standard contract terms under which CityFibre may supply fibre connectivity to part of Vodafone UK's estate of mobile cell site locations, some corporate customer locations, and provide additional connectivity to support the enhancement of its national network.
"This contract from Vodafone marks yet another important milestone for CityFibre, following two years of engagement and negotiations with this important new partner. As an approved supplier to Vodafone, CityFibre now has the opportunity to bring enhanced pure fibre connectivity to Vodafone's customers. Furthermore, the addition of Vodafone to our partner ecosystem means that CityFibre has now secured trading relationships with the majority of Tier 1 service providers in the business and mobile connectivity markets," said Chief Executive Greg Mesch in a statement.
Shares in CityFibre were up 5.2% at 71.00 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Vodafone (VOD)