London, 6th July 2016 – CityFibre, a leading designer, builder, owner and operator of fibre optic infrastructure in UK towns and cities, today announces that, as signalled in both its 2015 financial results release dated 18 April 2016, and its 2015 annual report published on 9 May 2016, the Company has lodged an appeal with the UK Competition Appeal Tribunal in relation to regulations set out by Ofcom in its 2016 Business Connectivity Market Review. The Company will update the market on the outcome of the appeal as and when appropriate.
Mark Collins, Director of Strategy and Public Affairs at CityFibre, commented:
“As a major investor in the UK telecom infrastructure market, working to transform digital connectivity across the country, we need to ensure that CityFibre and other fibre optic infrastructure builders can invest against the background of a fair and balanced regulatory regime. We believe Ofcom is implementing poor and inconsistent regulation, and we have a duty to robustly contest their decisions and policies in the normal course of business – especially where they conflict with stimulating long-term investment in the critical digital infrastructure which the UK so badly needs.”
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
Cordelia Meacher: +44 7961 311080
CityFibre is the national builder of Gigabit Cities, as the UK’s largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 37 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 26,000 public sites, 7,400 mobile masts, 260,000 businesses and 3.7 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 http://www.cityfibre.com