Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

CityFibre and Vodafone pick UK's Milton Keynes for fibre push

Published 18/01/2018, 07:28
© Reuters. Vodafone branding is seen outside a retail store in London

LONDON (Reuters) - Fibre broadband provider CityFibre (L:CITYC) said it had picked the English new town of Milton Keynes to launch its gigabit-capable home fibre network in partnership with Vodafone (L:VOD).

CityFibre will invest at least 40 million pounds in building its network in Milton Keynes, the first roll-out in a plan to connect around 12 cities and 1 million premises with fast broadband marketed by Vodafone.

The two companies announced their partnership in November, putting pressure on Britain's biggest network provider, BT's (L:BT) Openreach, which nearly all operators rely on to provide broadband connections in Britain.

($1 = 0.7241 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.