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Cityfibre Sign 3702 New Customer FTTP Connections in H1 2016

Monday, July 25th, 2016 (3:14 pm) - Score 541
cityfibre uk

Fibre optic network builder Cityfibre has today issued a brief trading update for the first six months of 2016 to 30th June, which reveals that they signed 3,702 new customer connections in the period and that’s over three times the total amount sold in all of 2015 (1,110).

Part of this is likely to have occurred as a direct result of their £90m deal to gobble KCOM’s UK network assets (excluding Hull and KCOM’s surrounding network). The full results aren’t due out until September, but some comparisons with their full year 2015 report (here) can already be made.

Of the new connections sold, new anchor contracts represented 55%, and incremental business comprised 45%. Excluding the legacy KCOM customer connections in the acquired footprint, 93% of new connections sold in the period were actually incremental sales on existing assets.

Apparently initial contract value added in the first six months totalled £53.8m, which is more than double the amount added in all of 2015 (£23.2m) and over six times the level added in H1 2015 (£8.1m).

Cityfibre ended the first half with 49 service provider relationships, up from 33 one year ago and 41 at the end of 2015. Notable additions in the period were new trading relationships with Level 3 and SSE Enterprise Telecoms, who join CityFibre’s growing ranks of national partners, including KCOM, Vodafone, MBNL, Three UK, Capita, Serco, Interoute and Logicalis etc.

Sadly we’ll have to wait another couple of months in order to get the full progress update.

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Mark Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
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3 Responses
  1. Avatar Johnny Rotton

    Where are these mysterious 3,702 customers? It took a few months to get their first customer in Bristol, last week.

    • Avatar should-have-gone-to...

      Are you sure your not thinking of the unrelated Bristol Network who apparently got “their first customer in Bristol, last week.” ?

      “The first businesses have connected to the newly re-branded Bristol Network (formerly B-Net) in Bristol City (South West England), which is a large fibre optic network that use to be owned by the local authority until two ISPs, Net Support UK and ITS Technology Group, began to commercialise it last year.”

  2. Avatar Johnny Rotton

    Bristol Network also connected a first customer but with a 10Gigabit connection, 10 times faster than cityFibre.

    Cityfibre connected first customer on 22nd July 16, after several months from the launch. This is official from CityFibre’s website.
    http://www.cityfibre.com/news/2016/7/22/first-bristol-businesses-connected-to-ultra-fast-internet-services-over-the-new-gigabit-city-pure-fibre-network

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