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KCOM confirms sale of CityFibre for GBP90m cash

19 January 2016 10:28

KCOM Group has completed the sale of its national network infrastructure (outside of Hull and East Yorkshire) to CityFibre for GBP90m cash. This follows approval of the deal by CityFibre's shareholders last week.

Proceeds will be used to reduce net debt, which would have resulted in a pro-forma net debt of GBP13m as at 30 September 2015.

At 10:28am: (LON:KCOM) KCOM Group PLC share price was +0.13p at 115.38p

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