CityFibre offers little clarity on its expansion plans
CityFibre Infrastructure Holdings
80.90p
16:55 20/06/18
CityFibre issued an update to the market on Monday, citing recent unspecified speculation over its future expansion plans - though it gave no details on what those plans might be.
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The AIM-traded company said it had previously announced that the expansion of its fibre footprint was the “core” of its long-term strategy.
“The company consistently reviews, with its advisors, all of its opportunities and how to finance them in the most efficient way,” its board said in a statement.
“This is particularly relevant in light of the recent Ofcom review and DCMS announcement which may give rise to a number of exciting opportunities.”
CityFibre operates a number of fibre networks for corporate and educational clients around the UK, as well as consumer-grade fibre optic broadband in partnership with various retailers, including Pure Broadband and TalkTalk.