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Construction of Edinburgh CORE Commences

2 Jun 2015 07:00

RNS Number : 8689O
CityFibre Infrastructure Hldgs PLC
02 June 2015
 

For immediate release

2 JUNE 2015

 

 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

 

Construction of Edinburgh CORE Commences

 

Edinburgh CORE to bring ultrafast internet access to 7,000 businesses

 

CityFibre (AIM: CFHL), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce that construction has commenced on the first phase of the Edinburgh CORE network.

Under the agreement with leading Scottish business ISP Commsworld previously announced in March 2015, the first phase of the new network, a 50km deployment in the city centre, will bring the benefits of ultra-fast gigabit internet connectivity within reach of an estimated 7,000 businesses beginning in late summer, 2015.

The exact network route of the Edinburgh CORE will be influenced by demand, and CityFibre has now launched its 'Gig Up Edinburgh' campaign enabling businesses and institutions to register their interest in ultra-fast internet connectivity on the www.edinburghcore.com website. Registration is no obligation to take service, but means the registered business' location will be factored into the network plan. Registered businesses will also be checked for eligibility for a government voucher scheme* which offers grants of up to £3,000 for businesses to connect.

The Edinburgh CORE will be designed using CityFibre's 'Well Planned City' model, which accommodates all current and future bandwidth requirements from the business community, public sector, mobile operators and datacentre providers. It also lays the infrastructure foundation for a full fibre to the home roll-out in due course.

The Edinburgh CORE will be a major catalyst to the growth of Edinburgh's substantial digital economy. It is estimated that close to 18,000 people are directly employed in the city's tech sector, which has a yearly growth rate of about 33%. Despite this growing industry and the city's established financial services sector, a recent CityFibre/YouGov survey found 31% of regional companies have regular concerns about the negative impact poor Internet access has on their business.

Greg Mesch, Chief Executive Officer of CityFibre, commented:

"Edinburgh is one of the most economically significant cities in the UK. Its reputation as an established financial hub is complemented as it is increasingly becoming the location of choice for a new generation of tech start-ups and innovative businesses.

"As businesses of all types become more digitally reliant, they can be confident that there will be a world-class digital network - the Edinburgh CORE - to support them. As we plan the rollout it is essential that businesses register on our website to ensure that the network reaches them and that it delivers maximum benefit to the city's business community."

Richard Nicol, CEO of Commsworld, said:

"This is a project of huge significance for the city and one that will future proof Edinburgh for many years to come. The Edinburgh CORE will enable Commsworld to offer a new generation of affordable, Gigabit business services that will transform the way our city does business.

"As planning is well underway, I would urge any business that wants a digital headstart and a competitive advantage to register their interest online. With no obligation to take services it will ensure you won't get left behind."

Cllr Frank Ross, Convener of Economy Committee, City of Edinburgh Council said:

"This level of commercial investment to improve the city's connectivity is great news for Edinburgh. The Gigabit City announcement and launch of the Edinburgh CORE network for business fits well with our aspiration that Edinburgh becomes one of the UK's best digitally connected cities. The fact that Commsworld is a leading Scottish Telecoms Network provider, and an Edinburgh SME, makes this announcement even more exciting for our business community and I urge them to get behind the Gig Up campaign and register their interest."

 

- Ends

\* The 'SuperConnected Cities' scheme launched by the Government's Department for Culture, Media and Sport offers vouchers of up to £3,000 for SMEs to access ultra-fast connectivity. All businesses registering for the Edinburgh CORE will be evaluated for the voucher scheme. For further information, visit www.connectionvouchers.co.uk

 

 

For further information, please contact:

 

CityFibre Infrastructure Holdings plc

www.cityfibre.com

Greg Mesch, Chief Executive Officer

Tel: 0845 293 0774

Terry Hart, Chief Financial Officer

 

James Enck, Head of Investor Relations

Tel: 0333 150 6283

 

 

finnCap (Nomad and Joint Broker)

www.finncap.com

Stuart Andrews / Christopher Raggett (Corporate Finance)

Tel: 020 7220 0500

Simon Johnson (Corporate Broking)

 

 

 

Liberum (Joint Broker)

www.liberum.com

Steve Pearce / Steven Tredget / Richard Bootle

Tel: 020 3100 2000

 

 

Vigo Communications

www.vigocomms.com

Jeremy Garcia / Fiona Henson

Tel: 020 7016 9570

 

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 60 towns and cities in the UK, including York, Coventry, Peterborough, 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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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