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Broadband

Open Fiber completes EUR 3.5 bln finance package for FTTH project

Monday 6 August 2018 | 08:39 CET | News
The European Investment Bank (EIB), state lender CDP and a pool of 13 banks have signed off on a EUR 3.5 billion finance package to fund the fibre-optic broadband rollout plans of Italian wholesale operator Open Fiber. In a statement, Open Fiber said the finance deal is led by banks including UniCredit, Societe Generale and BNP Paribas and is the largest ever for a fibre-optic network in the EMEA region. "The transaction involves the most important Italian and international credit institutions and is an important sign of confidence in the project, in the wholesale-only model and especially in

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Categories: Fixed
Companies: European Investment Bank / Open Fiber
Countries: Italy
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