Hexatronic UK Ltd., a wholly owned subsidiary of Hexatronic Group AB, has signed a framework supply agreement with CityFibre,the UK’s largest independent Full Fibre platform, to supply passive fibre optic solutions including fibre optic cables, microducts, connectivity cabinets and aerial nodes. The supply agreement follows a previous contract announced in February 2019 to supply similar solutions for CityFibre’s initial build of one million homes.
The new agreement has an estimated value of around 100 MGBP over the next three years. In addition, the contract includes an option for CityFibre to extend the contract another two years. The equipment will be used by CityFibre as the company rolls out its Full Fibre networks throughout the UK to reach up to 8 million homes, 800k businesses, 400k public sector sites, and 250k 5G access points by end of 2025.
Comments from James Thomas, Director of Supply Chain at CityFibre: “We’re pleased to continue and grow our relationship with Hexatronic. They have consistently provided high-quality solutions to support our nationwide rollout and continue to work closely with us as partners. We look forward to our continued collaboration in delivering what is a critical project to upgrade the UK’s digital infrastructure.”
Comments from Hexatronic Group’s CEO: “We are delighted to have retained the trust, as CityFibre’s largest supplier of passive fibre optic products, of such a dynamic and important player on the expansive UK market. We have been working closely with CityFibre as a strategic supplier over a number of years and even before as a partner on the development of passive infrastructure solutions that can help drive efficiency in their build programme. 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 continued partnership with CityFibre further strengthens our position within the rapidly expanding UK market” says Henrik Larsson Lyon, Hexatronic´s Chief Executive Officer.
Gothenburg, February 22, 2021 Henrik Larsson Lyon CEO Hexatronic Group
For more information, please contact: Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00 Pernilla Lindén, CFO Hexatronic Group, +46 708 77 58 32
The information was submitted for publication, through the agency of the contact person set out above, at 17.30 CET on February 22, 2022