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Broadband

EIB assessing EUR 500 mln Enel fibre investment

Monday 19 September 2016 | 14:22 CET | News
The European Investment Bank (EIB) has announced that it's assessing the possibility of investing EUR 500 million in the Enel Open Fibre (EOF) venture of utility giant Enel. The bank said the amount is part of a EUR 3.3 billion plan to roll out a passive high-speed fibre-optic access network in around 9.5 million homes in 250 Italian cities by 2021. "The network should enable licensed operators to offer ultra-high speed broadband services up to 1 Gbps through an open access business model," said the EIB, while also confirming that EOF has been assessed as being a private company not operating

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Categories: Fixed
Companies: Enel / Metroweb
Countries: Italy
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