This first phase of what is anticipated to be a significant network deployment programme in the city carries a total contract value (TCV) of £3m, with high TCV/capex coverage. Separately, HighNet has also committed to migrate a minimum of 50 customers onto the CityFibre network currently under construction in Aberdeen.
Amongst the first businesses set to benefit will be HighNet’s channel partner’s customers. Up to 7,000 city centre businesses will be within close reach of the fibre network and within the year, will be able to access a new generation of ultra-fast services through HighNet’s extensive channel partner network. Ultimately up to 15,000 businesses across the city will stand to benefit when the full city-wide rollout is completed.
Following on from previously announced contract wins in Newport and Edinburgh, Glasgow is the third new city expansion announced during financial year 2015, and takes new lifetime TCV added during the year to approximately £29m.
Greg Mesch, Chief Executive of CityFibre, commented “We’re delighted to be partnering with HighNet to launch Scotland’s newest Gigabit City. HighNet have made this project possible and their strong customer base and impressive partner network will be crucial to its success. This announcement marks our third Gigabit City project in Scotland, and upon its completion, CityFibre will have an established network presence in Scotland’s four largest cities, making us the largest wholesale fibre infrastructure provider in the country after BT Openreach.”
David J Siegel, Managing Director, HighNet said: “This fantastic collaboration marks a step change in HighNet’s evolution as a business-to-Business ISP and we are looking forward to providing Glasgow’s business sector with best in class connectivity upon which they can develop and grow their business. Access to high quality, high capacity Internet capability can be truly transformational and we are delighted to be leading the charge in Glasgow. CityFibre’s track record in creating Gigabit cities is
unparalleled and we are excited at the opportunities this partnership will create.”