Fiber to the home technology

Enel Open Fiber Granted Fund for Italian Fiber Broadband Network Deployment

Reuters report from MILAN that Italy’s Fiber optic broadband network provider, Open Fiber has secured enough funds from different sources required to speed up its network rollout throughout the country. Enel in a statement said that the banks, state lender CDP and the European Investment Bank had signed off on a 3.5 billion euro project finance package to help fund the ultrafast broadband network it is rolling out across the country.

fiber deployment

Italian Open Fiber Plans investment of 6.5 Billion Euros in FTTH

The Italian broadband network provider Open Fiber has revealed its plans to invest 6.5 billion Euros in a bid to expand its network roll out rapidly in the country. The Open Fiber wholesale-only venture of Italian utility Enel and state lender CDP is set to invest around EUR 6.5 billion and create some 15,000 jobs as part of its plans…