When it comes to discussing City Fibre Holdings, I'm not neutral, since Diffraction Analysis works as advisors to their board. So I won't say much in the way of commenting this announcement, except that I think it's significant in highlighting how financial institutions are now increasingly looking seriously into the potential of alternative fibre infrastructure.
You can see the full press release for CFH's announcement here. This is the first significant investment being put together for FTTH in the UK. My gut feeling is it's far from the last.