Hexatronic extends supply relationship with CityFibre
Hexatronic Group Ab Ak
€4.41
19:59 22/03/17
Hexatronic has signed a framework supply agreement with CityFibre, to supply the fibre optic infrastructure firm with passive fibre optic solutions including fibre optic cables, micro duct, connection boxes and aerial nodes, it announced on Friday.
CityFibre Infrastructure Holdings
80.90p
16:55 20/06/18
Fixed Line Telecommunications
1,828.68
10:44 26/04/24
The Swedish firm said the equipment would be used by CityFibre, as that company rolled out its city-wide, full fibre networks to five million UK homes by 2025.
It said the agreement had an approximate value of £40m for the supply of components in the deployment of the first one million homes in CityFibre’s roll-out.
The deal followed a letter of intent, signed with CityFibre last year, which was worth approximately around £6m, with the first shipments already delivered.
“We selected Hexatronic after a significant market assessment with a wide range of suppliers of passive equipment,” said CityFibre’s director of operations John Franklin.
“The quality of their solutions, coupled with their willingness to work closely with us on design refinement, identified them as a perfect partner.
“We look forward to a long and successful partnership and are confident of their full support as we build Britain’s full fibre future.”
Hexatronic chief executive officer Larsson Lyon said his company was “delighted” to have become a strategic supplier to CityFibre.
“We have been working closely with CityFibre on the development of passive infrastructure solutions that can help drive efficiency in their build programme,” Lyon explained.
“Our market-leading FTTH products are characterised by being quick and easy to install, and we support our customers with local field support and training facilities.
“This partnership with CityFibre is a key milestone for Hexatronic and serves to significantly strengthen our position within the rapidly expanding UK market.”