CityFibre Infrastructure Hldgs PLC National Framework Agreement with Updata

TIDMCITY

CityFibre Infrastructure Hldgs PLC

09 March 2016

 
  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         www.cityfibre.com 
   plc 
  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      Tel: 020 7220 
   (Corporate Finance)                       0500 
  Simon Johnson (Corporate Broking) 
 
  Liberum (Joint Broker)                    www.liberum.com 
  Steve Pearce / Steven Tredget /           Tel: 020 3100 
   Richard Bootle                            2000 
 
  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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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