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Lite Access Awarded Contract From CityFibre Valued at Approximately CAD$20 Million for Fibre Rollout in Cambridge, England; Provides Operational Update
Lite Access Awarded Contract From CityFibre Valued at Approximately CAD$20 Million for Fib...
About this update from Ironman International Ltd.
[{"type":"text","content":"\n\n\n\nLite Access Awarded Contract From CityFibre Valued at Approximately CAD$20 Million for Fibre Rollout in Cambridge, England; Provides Operational Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 21, 2020\n\n\n\nVANCOUVER, April 21, 2020 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the \"Company\") (TSX VENTURE: LTE) (OTC PINK: LTCCF), a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost of fibre optic network deployment for telecommunications operators, is pleased to announce that CityFibre, the UK's third national digital infrastructure platform, has awarded the Company a contract for fibre-to-the premises (FTTP) installation to over 20,000 homes in Cambridge, England.  The contract is valued at approximately CAD$20 million over 21 months.\nCityFibre, the UK's third national digital infrastructure platform, is currently in the process of investing to build a new fibre-to-the-home (FTTH) network that will reach almost all businesses and homes in Cambridge.  In bringing gigabit-capable full fibre network to Cambridge, CityFibre is making the city one of the best-connected places in the country.  \nCityFibre has network rollouts underway with plans to pass up to 8 million premises with open-access full fibre infrastructure as part of its up to £4 billion Gigabit City Investment Programme.  A growing number of Gigabit City projects have been announced for full-city rollouts and CityFibre continues to prime its existing network assets for expansion.  Plans to award more than £1.5 billion in network construction contracts for newly announced full city builds will be granted by summer, enabling selected construction partners such as Lite Access to secure and mobilise their workforce in preparation for network construction to begin. \nCarlo Shimoon, President & CEO of Lite Access, stated, \"I would like to thank our partner CityFibre, for awarding us this major contract.  W...