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Italy's Irideos secures EUR 150 mln funding for new industrial plan

Monday 20 January 2020 | 11:33 CET | News
Irideos, the new ICT company launched by Italian infrastructure fund F2i and pan-European equity fund Marguerite, has secured EUR 150 million in financing from a pool of banks for its new business plan. In a brief statement, the company said it's now free to proceed with the implementation of its 5-year industrial plan following the acquisition of several small and medium-sized ICT operators in recent years. Irideos expects to grow organic revenues by over 30 percent and to more than double its EBITDA by 2024 thanks in part to a substantial investment plan.

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Categories: Fixed
Companies: Infracom / Irideos / KPNQwest
Countries: Italy
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