1 Jul 2016 07:00
For immediate release | 1 July 2016 |
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Strategic partnership with Gigaclear
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, today announces the creation of a strategic partnership with Gigaclear, the leading provider of ultrafast pure fibre broadband services to rural areas. The agreement will help to dramatically accelerate the roll-out of next generation ultrafast internet access to hundreds of thousands of rural homes and businesses across the UK.
With extensive metro fibre networks in 37 towns and cities and over 1,100km of long distance network, CityFibre's national footprint will be used to facilitate and accelerate Gigaclear's deployment of rural pure fibre networks. CityFibre's long distance network will provide a new backhaul option for future Gigaclear deployments, while its metro networks and POP facilities will facilitate connectivity to nearby rural areas.
Greg Mesch, Chief Executive of CityFibre commented:
"We are delighted to formalise a partnership with Gigaclear, which shares such a complementary agenda. We have long been aware of the huge levels of demand for better internet connectivity in rural areas surrounding our urban network projects. It is a national embarrassment that residents and businesses in rural areas, and indeed many of those in towns and cities, have been left in the digital dark ages. Pure fibre infrastructure is the 21st century utility and is an essential component to everyday life."
Matthew Hare, Chief Executive of Gigaclear added:
"Bringing brilliant broadband to rural Britain has its challenges. This partnership with CityFibre gives Gigaclear access to more capacity, faster delivery and more flexible bandwidth across the country. It helps us build Gigabit networks where other operators do not reach, to meet the demand for better broadband from homes and businesses."
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 7830 9700 |
About CityFibre:
CityFibre is the national builder of Gigabit Cities, as the UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 37 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 26,000 public sites, 7,400 mobile masts, 260,000 businesses and 3.7 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