Phase one ? 500 million GBP9 Nov 2017 15:24
NOTE ..the first phase is worth over � 500 million GBP to us in REVENUE . .....The FTTH/P network will be fully owned by CityFibre and ultimately made available to all service providers on a wholesale basis. The Agreement delivers a minimum volume-based commitment for ten years, which scales over the period, maturing at 20% of homes passed. In turn Vodafone has been granted a period of marketing exclusivity, city by city, for consumer grade FTTH services largely during the construction period. Over 20 years the first phase of the Agreement for one million homes is estimated by the Company to be worth over �500 million3 total revenues for CityFibre.