Lite Access awarded $13 million contract

VANCOUVER — Lite Access Technologies has signed an additional deal with CityFibre, a London, UK-based alternative provider of wholesale full-fibre infrastructure, for a fibre-to-the-premises (FTTP) installation as part of CityFibre’s ₤2.5 billion Gigabit City investment program. Lite Access’ contract with CityFibre is valued at approximately C$13 million over two years. Lite Access provides micro/narrow trenching technologies, alternate methods of deployment and specialist products that lowers the cost of fibre-optic network deployment for telecommunications operators. The contract with CityFibre reflects the increasing strength of Lite Access’ business and the company’s commitment to targeting full-fibre infrastructure builds in this sector, the release...