EIB and FiberCop: €1 billion agreement to accelerate ultrafast broadband development
Italy, May 14 -- The European Investment Bank (EIB) has approved a financing package of up to €1 billion for FiberCop, the company that manages the most advanced and extensive digital infrastructure in Italy, to expand and modernise the national ultrafast broadband network.An initial tranche of €500 million was signed in Rome by EIB Vice-President Gelsomina Vigliotti and the Chairman and CEO of FiberCop Massimo Sarmi. The financing is covered by a guarantee from InvestEU, the European Union's investment programme, through which the EIB Group has already invested more than €6 billion in Italy. This transaction backs FiberCop in its mission to expand its Fibre-to-the-Home (FTTH) fibre optic grid, connecting an additional 5.8...
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