20 Feb 2018 07:00
For immediate release | 20 February 2018 |
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Trading Update and Notice of Results
CityFibre (AIM: CITY), a leading designer, builder, operator, and owner of fibre optic infrastructure in UK towns and cities, is pleased to announce the following trading update for the year ended 31 December 2017, confirming results* will be in line with current market expectations.
The Company had a strong end to 2017, securing a groundbreaking strategic partnership with Vodafone to roll out Fibre-to-the-Premises ('FTTP') to at least one million homes in twelve existing CityFibre towns and cities alongside securing two public sector contracts in Scotland - a 19-year framework agreement with Glasgow City Council and an additional 15-year agreement with Capita for the expansion of the Public Services Network in Aberdeen.
Against the backdrop of a rapidly evolving communications infrastructure landscape in the UK, CityFibre continues to make demonstrable progress on the development of its core UK networks. In addition to ongoing commercial initiatives to capture a large share of the growing public sector pipeline and to further leverage sales opportunities in the business market via its wholesale channel partner network, Entanet, the Group continues to advance its FTTP partnership with Vodafone to deliver the first one million premises, as part of our broader five million premises anchor framework agreement.
Detailed planning and preparation work is underway for all 12 cities that will make up the first one million homes. Milton Keynes was announced as the first city in January, with preliminary mobilisation currently underway and construction to commence by the end of Q1. Subsequent full city builds will be announced in due course.
Notice of Results
The Company intends to announce its audited results for the year ended 31 December 2017 on Tuesday 24 April 2018. The Company will be hosting a meeting for analysts at 9:30am on the day and a webcast of the presentation will be available to view on CityFibre's website shortly after the conclusion of the meeting. To register for the event, or for further information, please contact Vigo on cityfibre@vigocomms.com.
*Subject to audit
For further information, please contact:
CityFibre Infrastructure Holdings plc | www.cityfibre.com |
Greg Mesch, Chief Executive Officer | Tel: 020 3510 0602 |
Terry Hart, Chief Financial Officer |
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James Enck, 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 / Richard Bootle | Tel: 020 3100 2000 |
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Vigo Communications | www.vigocomms.com |
Jeremy Garcia / Fiona Henson / Emma Lord | Tel: 020 7830 9701 |
About CityFibre:
CityFibre is the UK's leading alternative provider of wholesale full-fibre network infrastructure. With dense duct and fibre footprints in over 40 towns and cities throughout the UK, it provides a portfolio of active and dark fibre services to its customers which include service integrators, enterprise and consumer service providers, local authorities and mobile operators. CityFibre has begun a roll-out of Fibre-to-the-Premises infrastructure in a strategic partnership with Vodafone, targeting 5 million homes and businesses by 2025. CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). www.cityfibre.com