Cityfibre Regulatory News (CITY)

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

Aberdeen Project Update

- Two new service providers join IFB on the Aberdeen CORE

- Construction in the city centre reaches completion as first customers are connected

CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to provide an update on progress in its Aberdeen CORE project.

As construction of the Aberdeen CORE reaches completion in the city centre, two new ISPs, Commsworld and Converged Communications Solutions ('Converged'), have now joined CityFibre's anchor service provider and launch partner Internet For Business (IFB) to offer ultra-fast internet services to business in the city. The addition of the new partners takes Total Contract Value (TCV) contracted in Aberdeen to date to £1.25m.

Commsworld, a major Scottish ISP and CityFibre's launch partner on its Edinburgh CORE network project, has now introduced its own pure fibre services in Aberdeen. Launching a marketing and sales campaign and hiring a regional business development lead to focus on the city, Commsworld has already secured commitment from 26 new and existing customers to take services, including two sites for Veripos and four sites for Arnold Clark. 

Providing further choice for Aberdeen's business community, Converged, an ISP with 10 years' experience building innovative communication solutions for businesses, is now also offering services in Aberdeen.

In addition, IFB has launched its new headquarters and data centre in Altens (Aberdeen), and continues to successfully convert a strong pipeline of businesses to connections on the CORE as the network reaches their areas. IFB has already connected its first customers to the network, providing ultra-fast internet services to sites including Albyn School, one of Scotland's leading independent schools, and So Cafe, one of the newest venues in the city centre.

Greg Mesch, Chief Executive of CityFibre, commented:

"We're delighted with the progress of the Aberdeen project to date, and we're very pleased to welcome two more innovative partners in Commsworld and Converged Communications to Aberdeen. Together with IFB, they can provide businesses with a broader choice of next generation connectivity services, driving value and take-up throughout the city, and enhancing the local economy generally, which remains CityFibre's goal."

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About CityFibre:

CityFibre enables gigabit connectivity through designing, building, owning, and operating fibre optic network infrastructure. It is the largest independent provider of fibre infrastructure to mid-sized cities and major towns across the UK, providing gigabit-capable infrastructure for enterprise and public sector organisations, service providers, mobile network operators and businesses.

The Group owns and operates 543 route kilometres of local access networks serving 885 customer locations in 61 towns and cities in the UK, including York, Coventry, Peterborough, Aberdeen, Huddersfield, Hull, Sheffield, Newcastle, Dundee, Bath, Derby and Doncaster.

To date the Company has launched five Gigabit City projects in York, Peterborough, Coventry, Aberdeen, and Edinburgh, where city-wide pure fibre networks known as 'COREs' bring world-class Internet connectivity and the benefits of gigabit speeds to every aspect of the city's community. The CityFibre COREs are deployed using the Company's Well Planned City (WPC) design philosophy, in which its city-wide core fibre infrastructure is designed with thousand-strand fibre cables in dual ducts optimally routed to serve the present and future demand of the public sector, mobile base stations, business park estates, and ultimately designed to serve as feeder and distribution network for Fibre-to-the- Home deployments.

CityFibre is also a proud member of a joint venture with TalkTalk and Sky. Established in early 2014, the collaboration aims to prove the viability of gigabit speed Fibre-to-the-Premises (FTTP) networks and services for homes and businesses. Work is currently underway to connect tens of thousands of homes and businesses in York to a future-proof FTTP modern digital infrastructure.

CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CFHL).

To find out more, please visit: www.cityfibre.com