0
Broadband

Open Fiber approves EUR 3.5 bln funding deal for broadband rollout

Monday 16 April 2018 | 08:41 CET | News

The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender Cassa Depositi e Prestiti (CDP) announced the signing of a EUR 3.5 billion seven-year agreement with a number of banks to support its broadband rollout, confirming earlier reports. The company signed the project finance deal with BNP Paribas, Societe Generale and UniCredit, describing it as one of the largest agreements of its type at a European level in the telecommunications sector.

Open Fiber said it will use the funding to connect a total of around 19 million homes and businesses in 271 Italian cities and 7,000 municipalities. Its shareholder CDP recently acquired a stake in Telecom Italia (TIM) for strategic reasons, although politicians and rival operators have reiterated calls for the creation of a single national network via the merger of Open Fiber with TIM’s soon to be separated fixed network (NetCo).



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Open Fiber
Countries: Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Open Fiber expands FTTH network to Buccinasco, Opera, Rozzano

Published 18 Apr 2018 10:09 CET | Italy
The Open Fiber wholesale-only venture of Italian utility Enel and state lender CDP has announced that the first commercial ...

Vodafone Italia, Open Fiber expand FTTH partnership to 271 cities

Published 16 Apr 2018 10:14 CET | Italy
Vodafone Italia and Open Fiber have announced a major expansion of their FTTH access agreement. Under the terms of the new deal, ...

Open Fiber to sign EUR 3.5 bln funding deal - report

Published 13 Apr 2018 11:52 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP is poised to sign an underwriting ...

Open Fiber, Noitel strike national broadband deal

Published 13 Apr 2018 08:38 CET | Italy
Italian MVNO Noitel has become the latest operator to announce plans to offer fibre-optic broadband services throughout the ...

Italian state bank raises TIM stake to 4.26%

Published 12 Apr 2018 13:56 CET | Italy
Italian state lender Cassa Depositi e Prestiti (CDP) had a stake in Telecom Italia (TIM) of 4.262 percent on 10 April, according ...

Italy's Open Fiber activates FTTH in greater Turin

Published 06 Apr 2018 08:49 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced that the first commercial ...

Sky Italia, Open Fiber deal underlines business case for open fibre, Sky strategy

Published 04 Apr 2018 11:43 CET | Italy
Sky Italia is planning to launch in the summer of 2019 services over the Open Fiber FTTH network being rolled out by utilities ...

Sky Italia confirms Open Fiber network deal, to launch broadband service in mid-2019

Published 30 Mar 2018 08:35 CET | Italy
Pay-TV provider Sky Italia has confirmed plans to enter Italy's broadband market under a long-term agreement for access to the ...

TIM notifies regulator of plan to spin off fixed network

Published 28 Mar 2018 09:20 CET | Italy
Telecom Italia (TIM) has notified Italian communications regulator Agcom that it has formally begun the procedure to spin off its ...

Open Fiber reaches 2 mln Italian homes, aims for 2019 IPO

Published 05 Sep 2017 15:23 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has already reached the milestone of 2 ...





5.2%
Prepaid revenue accounts for 5.2% of total service revenue
Netherlands  |  2017Q4

Calendar   /   Industry Events

22 Apr Grameenphone Q1 2018
23 Apr MTG Q1 2018
23 Apr Dtac Q1 2018
23 Apr Bharti Infratel Q1 2018
23 Apr Tele2 Q1 2018
23 Apr Alphabet Q1 2018
23 Apr Monetising Big Data in Telecoms World Summit
23 Apr MVNOs World Congress
23 Apr AI and Digital Innovation
24 Apr Verizon Q1 2018
24 Apr Texas Instruments Q1 2018
24 Apr Corning Q1 2018
24 Apr Siminn Q1 2018
24 Apr Inphi Q1 2018
24 Apr Millicom Q1 2018
24 Apr Etisalat Q1 2018
24 Apr Telenor Q1 2018
24 Apr Telekom Austria Q1 2018
24 Apr Audicodes Q1 2018
24 Apr NextGenTel AGM
24 Apr Telecom Italia AGM
25 Apr Telefonica Deutschland Q1 2018
25 Apr Optima Telekom Q1 2018
25 Apr Comcast Q1 2017
25 Apr Twitter Q1 2018
25 Apr Netgear Q1 2018
25 Apr F5 Networks fiscal Q2
25 Apr AT&T Q1 2018
25 Apr Telefonica Brasil Q1 2018
25 Apr IMS World Forum
::: More Calendar Items