REG-Capita PLC: Transport for London contract award <Origin Href="QuoteRef">CPI.L</Origin>

CapitaAnnouncement

21/12/2017 09:05

Capita awarded contract to manage Transport for London’s

Access and Wide Area Network services

Capita plc today announces that it has signed a contract with Transport for
London (TfL) for the provision and ongoing management of its Access and Wide
Area Network services across all TfL sites.

Capita will take delivery responsibility for WAN, LAN, and WiFi networks
across over 1,000 TfL sites from August 2018, for an initial period of five
years, following a transition period which commences immediately. This initial
contract is valued at approximately £80m with an option to extend for up to
five further years, and is expected to deliver significant savings of at
least £33m to TfL through efficiencies and modernisation of equipment.

The total IFRS 15 transaction price of the contract is £135m, being made up
of the initial scope and term, plus a subsequent pre-priced extension. This
contract, part of TfL’s Telecommunications and Data Network Strategy, will
enable the consolidation of its multiple outsourced contracts into a single,
pan-TfL network service contract. It will reduce costs, ensure the ongoing
security and reliability of business-critical services, and accelerate time to
market for new services across TfL’s London data network.

Under the contract, Capita will transition existing services, undertake a
large-scale technical refresh, simplify the complex network infrastructure and
operate, monitor and maintain the new network infrastructure. As part of this,
the equipment used to provide free public WiFi across the London Underground
network will be reviewed and refreshed. This will help allow even more people
to connect more quickly and check their emails, plan their journeys and stay
in contact while on the move.

Jonathan Lewis, Chief Executive Officer, Capita plc, said: “Our extensive
networking solutions expertise and track record of undertaking large-scale
critical network implementations for clients means we are well equipped to
support the consolidation of TfL’s data network. We look forward to fully
supporting TfL as they consolidate, transform and upscale their network
services, essential to supporting mission critical data services across the
London transport network.”

Shashi Verma, Chief Technology Officer at TfL said: "This new five-year
contract will help consolidate our existing network infrastructure and allow
TfL to deliver improvements which will make it work more efficiently for our
needs. It will also deliver significant financial savings which we can then
directly reinvest in improving transport in London.?"

For further information:

Capita plc Tel: 020 7654 2281 or 020 7654 0220

Andrew Ripper, Head of Investor Relations

Fiona O’Nolan, Director, Corporate Communications

IRTeam@capita.co.uk

Media enquiries:

Capita Press Office 020 7654 2399

media@capita.co.uk

Capita is a leading UK provider of technology enabled customer and business
process services and integrated professional support services. Operating at
over 450 sites across the UK, Europe, India and South Africa, Capita uses its
expertise, infrastructure and scale benefits to transform its clients'
services, driving down costs and adding value. Capita is quoted on the London
Stock Exchange (CPI.L). Further information on Capita can be found at:
http://www.capita.com.
LEI no. CMIGEWPLHL4M7ZV0IZ88.



Copyright (c) 2017 PR Newswire Association,LLC. All Rights Reserved