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Broadband

Masmovil issues EUR 39 mln bonds to fund fibre rollout

Friday 10 March 2017 | 08:55 CET | News
Spanish operator MasMovil has announced that it has issued bonds worth some EUR 39.3 million to fund the rollout of its fibre-optic network beyond the current footprint of around 1 million homes. The five-year bonds were issued by the company's MasMovil Broadband subsidiary at 103.41 percent of their nominal value. The company is looking to eventually extend its fibre-optic footprint to around 10 million homes thanks to the network access agreement signed with Orange in October. In July last year the companies announced a joint investment in a new FTTH network that would give each company

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Categories: Fixed
Companies: Masmovil / Orange
Countries: Spain
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