Cityfibre Infrastructure Holdings Live Discussion

ripley94 23 Apr 2020

News June 22, 2018 Related News CityFibre makes key appointment to lead Wolverhampton’s digital transformation CityFibre completes its acquisition of FibreNation increasing its rollout plans to pass up to 8 million premises CityFibre’s COVID-19 update – 24/03/20 CityFibre’s COVID-19 update – 19/03/20 Acquisition by Connect Infrastructure Bidco Limited positions CityFibre to lead the UK’s transformation to full fibre Today CityFibre has confirmed that the acquisition of CityFibre shares by Connect Infrastructure Bidco Limited (a newly formed company indirectly jointly-controlled by a consortium formed by Antin Infrastructure Partners and West Street Infrastructure Partners, a fund managed by Goldman Sachs) completed on 21 June 2018 (the “Acquisition”). The Acquisition was priced at 81 pence in cash for each CityFibre share, representing a 92.9 per cent. Premium to the Closing Price of 42 pence per CityFibre share on 23 April 2018, valuing the entire issued and to be issued ordinary share capital of CityFibre at approximately £537.8 million. Trading on AIM in CityFibre shares was suspended with effect from 7.30am on 21 June 2018. It is expected that cancellation of CityFibre’s shares admission to trading on AIM shall take effect at 8.00am on 22 June 2018. Since admission to AIM in January 2014, CityFibre has rapidly established itself as a leading alternative network provider, delivering wholesale full fibre infrastructure in towns and cities nationwide. By pursuing a strategy of constructing new networks under anchor contracts and network acquisitions, CityFibre now has major fibre infrastructure projects across 51 towns and cities and has commenced the build of active service platforms across 31 of these locations in readiness for Fibre to the Premises (“FTTP”) roll-out. After signing a joint venture agreement with Sky and TalkTalk in April 2014 to trial FTTP in York, CityFibre went on to complete a number of acquisitions, including KCOM’s national network assets for £90 million in January 2016 adding fibre networks in 24 towns and cities and a national long-distance network to CityFibre’s portfolio. CityFibre went on to acquire wholesale connectivity provider Entanet Holdings Limited for £29 million in August 2017. For the 12 months ended 31 December 2016, Entanet serviced approximately 1,500 channel partners in the business and residential markets. In November 2017, CityFibre secured a 20-year strategic partnership with Vodafone to roll-out full fibre FTTP connectivity to one million UK homes across 12 existing towns and cities. The build is already underway and is expected to be largely complete by the end of 2021. The agreement with Vodafone provides a framework for expansion to five million homes across approximately 50 towns and cities by 2025. When deployed, this would position the company’s infrastructure across approximately 20% of the current UK broadband market. As a private company, the board of CityFibre believe the Acquisition will create the required environment for CityFibre to deliver meaningful growth and attain a strong market position with the appropriate funding and support. Antin Infrastructure Partners and West Street Infrastructure Partners are supportive of CityFibre’s development, and intend to work with management to accelerate the Company’s national FTTP development, delivering on management’s vision to provide full fibre infrastructure across no less than 20% of the UK. CityFibre is now positioned as a primary deliverer of the Government’s national full fibre ambition; transforming the digital infrastructure in towns and cities nationwide and unlocking billions in long term economic reward for the UK’s digital economy. Greg Mesch, Chief Executive of CityFibre, commented: “Having shaken up the UK telecoms market over the last five years and sparked the race to deliver a full fibre future for Britain, this transaction will enable CityFibre to accelerate our deployment of transformational digital infrastructure still further. These are exciting times, and as the only builder of scale, CityFibre is ideally positioned to make the most of this opportunity to modernise the UK’s digital infrastructure.” “I would like to take this opportunity to thank the shareholders who have supported us since our initial listing on AIM. We have raised over £320m on AIM and believe that without the support of the capital markets, our progress both operationally and strategically would not have been so rapid.” Commenting on the Acquisition, Philippe Camu, Global Head of West Street Infrastructure Partners and Mark Crosbie, Managing Partner of Antin Infrastructure Partners, said: “We are delighted to be supporting CityFibre through its next cycle of growth and believe the business is ideally placed to continue to transform the UK telecommunications market. With the need for next generation infrastructure growing at pace, the provision of high quality fibre networks is vital to the ongoing economic development of the UK, and CityFibre sits firmly at the centre of that structural shift.”

ripley94 23 Apr 2020

CEO .. on LBC this morning .

Simbrad 02 Jun 2016

Beaufort's note from this morning... "CityFibre continues to progress well in the commercialisation of its asset base with the signing of a seventh contract in less than five months. The company has now signed agreements to bring 7 of the 21 acquired city markets into commercialisation, as stated at the time of acquisition. CityFibre's additional contracts signed to date cover 1,200 customer connections and £18.8m in initial contract value. The demand for wholesale fibre infrastructure can be gauged from the fact that the contract value added in these five months is around 81% of all new business taken on in 2015. We believe CityFibre has bright future prospects, well supported by impressive contracts and partnerships with UK's leading broadband service providers."

bramthefrog 26 Feb 2016

Openreach Can anyone tell me what effect if any the BT openreach decision will have on this share.Bram

city watcher 01 Dec 2015

FIBRE in The NEWS CITYFIBRE should do well from this.The Government has promised to fund the rollout of superfast broadband coverage across 95 per cent of the country under its Broadband Delivery UK plan.BT has been awarded most of the funding as the only registered supplier to the main tender.Virgin Media’s chief executive Tom Mockridge has labelled the scheme unfair because it gives ‘hundreds of millions of pounds of excess returns’ to BT from the taxpayer.Virgin Media said Government-funded broadband is no longer necessary because private telecommunications companies will invest in creating a network to meet demand. Mockridge said: ‘Market failure in the supply of broadband is a thing of the past. 'The UK already has widely available broadband access through different technologies and services – fibre, cable, copper, satellite and wireless. The BDUK scheme does not offer the taxpayer value for money.’

city watcher 02 Oct 2015

Nice start - up company growth Business can grow to extremes in this field, especially with fibre being the way forward.28 September 2015 CITYFIBRE INFRASTRUCTURE HOLDINGS PLC('CityFibre' or the 'Group' or the 'Company') UNAUDITED HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015 Demand for gigabit connectivity remains strong CityFibre (AIM: CFHL), the leading designer, builder, owner, and operator of wholesale fibre optic infrastructure enabling gigabit connectivity in UK towns and cities, is pleased to report half year results for the Group for the period ended 30 June 2015. Financial Highlights:· Turnover up 115% year-over-year in the period, to £2.7m (H1 2014 £1.3m);· Further gross margin expansion to 86%, from 85% in financial year 2014;· Adjusted EBITDA loss reduced 8% year-over-year, to £1.8m (H1 2014 £2.0m loss);· New contracts with total contract value ('TCV') of £8.1m added, versus £11.1m for full financial year 2014;· Unrealised TCV at period end £27.0m, from £21.1m as at 31 December 2014;· Period end cash, cash equivalents, and short term deposits of £26.2m. Operating Highlights:· Strong new city momentum via contract wins in Newport and Edinburgh;· Total core metro network route fibre kilometres increased by 14% over the period, to 618km;· Total customer connections up 15% over the period, to 1,017;· Service provider relationships rose to 33, from 16 at H1 2014;· Significant commercial progress across network footprinto £4.1m Edinburgh anchor contract for 200 business migrations signed with local partner Commsworld;o £1.0m in incremental TCV added on Peterborough CORE, bringing the total cumulative TCV on the network to £5.8m, a 45% increase over the original anchor;o Record incremental sales in York, bringing the total cumulative TCV on the network to £8.0m, an increase of 88% over the original anchor;· Ongoing progress with FTTH JV partnership -o Phase One of York FTTH build proceeding on track;o Retail propositions launched by Sky and TalkTalk, first customers to be connected imminently;· Over 35km of network infrastructure build completed in the UK's first dark FTTT deployment;· Ongoing positive discussions with potential lenders. Post-period Highlights: · Kingston-upon-Hull network build now substantially complete -o Additional TCV of £0.6m added, bringing total incremental TCV on the asset this year to £1.1m, an increase of 36% over anchor TCV;· 19-year framework with initial seven-year commitment of £5.6m for Edinburgh PSN anchor contract for 294 council sites signed with local partner Commsworld;· Full 19-year lifetime TCV of Edinburgh up to £16.2m in total - taking TCV added year-to-date to £25.5m;· The business continues to trade in line with expectations. Greg Mesch, CEO of CityFibre, commented:"We are delighted to report a strong six months trading for the Group, as demonstrated by the nearly equal contributions made to TCV growth from new anchor contracts and incremental sales on existing assets. Our ability to further expand our UK footprint has been clearly demonstrated so far this year by our two anchor contract wins in Edinburgh, which together are the equivalent value of more than two of our previous city projects combined."Our other projects continue to exceed expectations in terms of incremental business added on top of anchor contracts, with both Peterborough and Hull already demonstrating a faster rate of commercialisation than expected. Alongside this growth we expanded gross margin by a further one percentage point over financial year 2014's level, and four percentage points year-over-year, demonstrating our commitment to a disciplined approach to new business."We continue to see strong demand for our services and remain well-positioned to deliver further growth and gain ongoing market traction during the remainder o

Ripley94 13 Aug 2015

small buy The buy @ 9.04 shows as a sell under trade history.This is the case sometimes. ?

Ripley94 30 May 2015

THIS SITE.. OFFER 62 ALL AFTERNOON .

Ripley94 15 Mar 2015

Re: Share Tip Summary... II 20/2/15... 4 aims to have and hold ( ARL ) ( KMK ) ( AGL ) and this

Ripley94 15 Mar 2015

Re: Share Tip ipo jan 14... 60p

Ripley94 14 Mar 2015

Re: Brokers View - 3rd March Can someone explain what it means when a broker puts corporate.

city watcher 03 Mar 2015

Brokers View - 3rd March Reading today's news of their Scottish contract this could rise sharply once the papers print their thought too. Should move towards £1 + owing to their prospects.CFHL: 66.00 0.00 ( 0.00 %) delayed: 084AM Trade nowSummaryChartNewsTradesDirector dealsBroker viewsDate Broker Rec. Price Old target price New target price Notes03 Mar 15 finnCap Corporate 66.00 110.00 110.00 Reiterates05 Feb 15 Liberum Capital Buy 66.00 114.00 114.00 Reiterates05 Feb 15 finnCap Corporate 66.00 110.00 110.00 Reiterates23 Jan 15 Beaufort Securities Speculative Buy 66.00 - - Retains23 Jan 15 Liberum Capital Buy 66.00 114.00 114.00 Reiterates22 Jan 15 finnCap Corporate 66.00 110.00 110.00 Reiterates22 Jan 15 Liberum Capital Buy 66.00 114.00 114.00 Reiterates08 Jan 15 Beaufort Securities Speculative Buy 66.00 - - Reiterates07 Jan 15 Liberum Capital Buy 66.00 114.00 114.00 Reiterates02 Jan 15 finnCap Corporate 66.00 110.00 110.00 Reiterates

gamesinvestor 01 Jan 2015

Re: Share Tip Axa -- tipped again New Years Day.It's still a blind punt really, you can't expect to get your money back here, but it could be very successful.Not much barrier to entry to installing fibre to the home, any contractor could gear up to do this. The other risk here is if BT Research are successful in releasing an extension to ADSL technology that will make your broadband over copper run at 750Meg instead of the current few megs. If they achieve this it will extend the life of the copper and blow apart the cost structures of all competing fibre installers. It's very expensive to install Fibre direct to the premises. It will also mean BT could lower it's cost of fast broadband significantly effectively damaging the profit margins of all the main competitors like SKY, TalTalk etc and they will be less inclinded to pay for new installations that are less economic.Here is the tip :-Juliette GarsideCityFibre listed on Aim in January 2014. The pint-sized infrastructure company has a big ambition: building fibre optics into commercial and residential areas underserved by BT’s superfast network. It also has big allies – Sky and TalkTalk are funding fibre to the home pilot in York. If it proves economical, the plan is to extend the scheme to Britain’s 50 or so second-tier cities. With Vodafone waiting in the wings to join the scheme, CityFibre could be heading for rapid expansion. The shares, listed at 60p, have risen to more than 80p, so the current 63p price is a buying opportunity.