9 Mar 2016 07:00
For immediate release | 9 March 2016 |
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
National Framework Agreement with Updata
Partnership enables Updata, part of Capita IT Enterprise Services, to offer market-leading public and private sector services over CityFibre's national network
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, has signed a national framework agreement with Updata Infrastructure ('Updata'), part of Capita IT Enterprise Services ('Capita') and the UK's market leader in the delivery of public sector connectivity and services.
The agreement sets out commercial terms under which Updata can access CityFibre's existing national network infrastructure to deliver cutting edge, scalable and competitively priced services to the public and private sectors.
With 36 major network footprints across the country, and a financed plan to reach a total of 50 cities by 2020, CityFibre's national reach will provide Updata with a flexible, powerful and future-proof alternative to incumbent networks. CityFibre's pure fibre networks will be used as a platform for Updata's growing ranks of public sector and enterprise customers as well as providing an option to migrate existing customers where commercially preferable or technically essential.
Greg Mesch, Chief Executive of CityFibre, commented:
"We are pleased to announce this important framework agreement with Updata, the UK's leading provider of public sector services and part of the wider Capita Group. This agreement cements CityFibre's position as a key supplier to the public sector, and reinforces our position as an emerging national alternative to Openreach. Our networks will provide Updata with a superior platform over which they can continue to innovate and grow. We look forward to announcing a succession of joint projects in the coming year."
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 |
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James Enck, Head of Investor Relations | Tel: 0333 150 6283 |
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finnCap (Nomad and Joint Broker) | www.finncap.com |
Stuart Andrews / Christopher Raggett (Corporate Finance) | Tel: 020 7220 0500 |
Simon Johnson (Corporate Broking) |
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Liberum (Joint Broker) | www.liberum.com |
Steve Pearce / Steven Tredget / Richard Bootle | Tel: 020 3100 2000 |
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Vigo Communications | www.vigocomms.com |
Jeremy Garcia / Fiona Henson | Tel: 020 7830 9700 |
About CityFibre:
CityFibre is the UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro footprints in 36 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.
The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre's networks address 24,500 public sites, 7,000 mobile masts, 245,000 businesses and 3.5 million homes.
CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). Further information on the company can be found at www.cityfibre.com