2 Aug 2017 07:00
2 August 2017
CityFibre Infrastructure Holdings PLC
("CityFibre")
Completion of Acquisition
Further to the announcement on 5 July 2017, CityFibre Infrastructure Holdings PLC, a designer, builder, owner and operator of fibre optic infrastructure in UK towns and cities, has completed its acquisition of Entanet Holdings Limited ("Entanet") for a consideration of £29 million in cash (on a cash free, debt free basis and subject to adjustments).
The acquisition of Entanet, a provider of wholesale communications services, will substantially increase CityFibre's wholesale capabilities and its relationships with service providers, thereby extending CityFibre's channels to market. By combining CityFibre's fibre infrastructure with Entanet's established wholesale products, systems and relationships with Channel Partners, CityFibre expects to realise synergies of over £3 million per annum within three years.
For further information, please contact:
CityFibre Infrastructure Holdings plc | Tel: 020 3510 0602 |
Greg Mesch, Chief Executive Officer | |
Terry Hart, Chief Financial Officer | |
James Enck and Morten Singleton, Investor Relations | |
Vigo Communications | Tel: 020 7830 9703 |
Jeremy Garcia / Fiona Henson / Natalie Jones | |
Citigroup Global Markets Limited Sole Global Co-ordinator, Joint Bookrunner and Joint Underwriter | Tel: 020 7986 4000 |
Stuart Field / Alex Carter / Sumit Guha | |
finnCap Ltd Joint Bookrunner and Joint Underwriter | Tel: 020 7220 0500 |
Stuart Andrews / Christopher Raggett / Simon Johnson | |
Liberum Joint Bookrunner and Joint Underwriter | Tel: 020 3100 2000 |
Steve Pearce / Richard Bootle / Cameron Duncan | |
Macquarie Capital Joint Bookrunner and Joint Underwriter | Tel: 020 3037 2000 |
Ben Bailey / Alex Reynolds | |
N M Rothschild & Sons Limited Financial Advisor | Tel: 020 7280 5000 |
Anton Black / Peter Nicklin / Noel Monro |