FibreConnect receives €50 million from the EIB for the development of fiber-optic technology infrastructure in Italy- Business Upturn

FibreConnect, an independent operator that offers high-performance connectivity services for businesses in Italy’s Industrial and Artisanal Areas, has signed a €50 million financing agreement with the European Investment Bank.
The goal is rolling out fiber optics network in Italian Industrial areas, land plots identified by municipalities as location ofmanufacturing activities.
The telecom infrastructure is a key element in fostering the country’s digital transition by covering businesses, especially small and medium-sized ones, that are based in areas not yet reached by the Internet access and not included in the National Recovery and Resilience Plan (PNRR) funding.
Construction of the infrastructure began in 2023 and the project is scheduled for completion by 2027. Read the full article.