CITY Cityfibre

TIDMCITY

RNS Number : 8197M

CityFibre Infrastructure Hldgs PLC

02 August 2017

2 August 2017

CityFibre Infrastructure Holdings PLC

("CityFibre")

Completion of Acquisition

Further to the announcement on 5 July 2017, CityFibre Infrastructure Holdings PLC, a designer, builder, owner and operator of fibre optic infrastructure in UK towns and cities, has completed its acquisition of Entanet Holdings Limited ("Entanet") for a consideration of GBP29 million in cash (on a cash free, debt free basis and subject to adjustments).

The acquisition of Entanet, a provider of wholesale communications services, will substantially increase CityFibre's wholesale capabilities and its relationships with service providers, thereby extending CityFibre's channels to market. By combining CityFibre's fibre infrastructure with Entanet's established wholesale products, systems and relationships with Channel Partners, CityFibre expects to realise synergies of over GBP3 million per annum within three years.

For further information, please contact:

 
CityFibre Infrastructure Holdings        Tel: 020 3510 
 plc                                      0602 
Greg Mesch, Chief Executive Officer 
Terry Hart, Chief Financial Officer 
James Enck and Morten Singleton, 
 Investor Relations 
 
Vigo Communications                      Tel: 020 7830 
                                          9703 
Jeremy Garcia / Fiona Henson / Natalie 
 Jones 
 
Citigroup Global Markets Limited         Tel: 020 7986 
 Sole Global Co-ordinator, Joint          4000 
 Bookrunner and Joint Underwriter 
Stuart Field / Alex Carter / Sumit 
 Guha 
 
finnCap Ltd                              Tel: 020 7220 
 Joint Bookrunner and Joint Underwriter   0500 
Stuart Andrews / Christopher Raggett 
 / Simon Johnson 
 
Liberum                                  Tel: 020 3100 
 Joint Bookrunner and Joint Underwriter   2000 
Steve Pearce / Richard Bootle / 
 Cameron Duncan 
 
Macquarie Capital                        Tel: 020 3037 
 Joint Bookrunner and Joint Underwriter   2000 
Ben Bailey / Alex Reynolds 
 
N M Rothschild & Sons Limited            Tel: 020 7280 
 Financial Advisor                        5000 
Anton Black / Peter Nicklin / Noel 
 Monro 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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