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Broadband

Netgem, CDC, Oceinde join forces to create French fibre ISP

Thursday 10 November 2016 | 20:21 CET | News
STB maker Netgem, state-owned bank CDC and Oceinde have announced the creation of fibre ISP 'Vitis', which specialises in reselling broadband access to French consumers in areas covered by public-initiative networks (known as RIP, 'Reseaux d'Initiative Publique'). Netgem holds a 55 percent stake in the ISP, with CDC and Oceinde controlling 33 and 12 percent respectively. The announcement states that CDC and Oceinde participated in a capital increase valuing Netgem's investment at EUR 11.5 million and the overall company at EUR 21 million. The ISP represents the evolution of Netgem's

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Categories: Fixed
Companies: Netgem / Oceinde
Countries: France
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