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Coventry Update

11 Apr 2014 07:00

RNS Number : 5843E
CityFibre Infrastructure Hldgs PLC
11 April 2014
 

For immediate release

11 April 2014

 

CityFibre Infrastructure Holdings PLC

('CityFibre' and ''the Company')

 

NEW BUSINESS UPDATE

 

CityFibre (CFHL.L), the company that owns, builds and operates fibre optic infrastructure, is pleased to confirm that Coventry City Council (the "Council") yesterday voted to approve the disposal of its Coventry Metro Area Network ("MAN") asset to the Company, subject to final contract.

 

The MAN comprises over 140km of local access fibre capable of gigabit speeds and currently connects over 300 buildings.

 

CityFibre and the Council will now negotiate the final contract in relation to the sale and purchase of the MAN and the Company will provide further updates when appropriate.

 

For further information, please contact:

 

CityFibre Infrastructure Holdings plc Tel: 0845 293 0774

James Enck, Head of Investor Relations

www.cityfibre.com

 

finnCap (Nomad and Joint Broker) Tel: 020 7220 0500

Stuart Andrews / Christopher Raggett (Corporate Finance)

Simon Johnson (Corporate Broking)

www.finncap.com

 

Liberum (Joint Broker) Tel: 020 3100 2000

Richard Bootle / Steven Tredget

www.liberum.com 

 

Buchanan Tel: 020 7466 5000

Jeremy Garcia / Fiona Henson / Gabriella Clinkard

www.buchanan.uk.com

 

Notes to Editors:

 

CityFibre owns, builds and operates a fibre optic infrastructure. It is the largest independent provider of fibre infrastructure to mid-sized cities and major towns, providing gigabit capable infrastructure for enterprise and public sector organisations, service providers, mobile network operators and businesses.

 

CityFibre has the opportunity to use the deployed fibre optic infrastructure to deliver high speed internet either directly to users, or more typically, indirectly via third party service providers.

 

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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