Italtel – a multinational ICT company, of which 81% is controlled by Exprivia, a company listed on the STAR segment of the Italian Stock Exchange and Italian Fiber to the Home wholesale operator Open Fiber have extended their contracts related to the development of an ultra-broadband network in underserved areas of Italy.
The first two contracts for the project date back to 2016 when Italtel was chosen as the designated designer of the network for two initial Infratel tenders issued by Italy’s Government to get connectivity to so-called ‘market failure’ areas – where broadband networks have previously not been built due to low economic viability.
The multi-year activity, depending on the timing that will be indicated by the client, is worth more than €200 million, lining up with the economic expectations of Italtel’s industrial plan.
Stefano Pileri, CEO of Italtel said that “We are proud to play a significant role in a greatly important project for the country, with significant implications for employment. Thanks to the collaboration with Open Fiber, Italtel consolidates its expertise in the designing of ultra-broadband optical and wireless networks to provide a unique experience that represents value for the evolution of 5G networks and for the development of foreign markets.”