KCOM Group PLC Completion of sale of UK Network Infrastructure (2990M)
January 19 2016 - 5:18AM
UK Regulatory
TIDMKCOM
RNS Number : 2990M
KCOM Group PLC
19 January 2016
19 January 2016
KCOM Group (KCOM.L. the 'Group')
Confirmation of sale of UK network infrastructure to CityFibre
for
a total cash consideration of GBP90 million
Following approval of the transaction by CityFibre's
shareholders last week, KCOM Group today confirms completion of the
sale of its national network infrastructure (outside of Hull and
East Yorkshire) to CityFibre for an all cash consideration of
GBP90.0 million.
Proceeds will be used by KCOM Group to reduce net debt, which
would have resulted in a pro-forma net debt of GBP13.0 million as
at 30 September 2015
ENDS
For further information please contact:
Bill Halbert, Chief Executive Officer / Paul Simpson, Chief
Financial Officer
KCOM Group PLC
01482 602595
Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735
Matt Ridsdale/Lulu Bridges/Mike Bartlett
Tavistock Communications
020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 19, 2016 05:18 ET (10:18 GMT)
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