Projects include fiber optic and wireless technologies, with the value of activities included in the deals equating to more than €200 million
Milan, Italy, May 8, 2018 - Italtel - a multinational ICT company, of which 81% is controlled by Exprivia, a company listed on the STAR segment of the Italian Stock Exchange [XPR.MI] - 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.
“We are proud to play a significant role in a greatly important project for the country, with significant implications for employment,” said Stefano Pileri, CEO of Italtel. “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.”
The aim of the Infratel tenders is to design and construct, as well as maintain and manage an ultra-broadband infrastructure for more than 6,700 cities in sixteen regions.
Italtel is carrying out the designing of the fiber optic access infrastructure (FTTH), the Fixed Wireless Access Network (FWA) and the network’s Point of Presence (PoPs) at its ultra-broadband engineering centers.
Italtel is a multinational company that operates in the Information & Communication Technology sector with a strong focus on innovation. The Italtel offer is based on solutions for networks, data centers, business collaboration, digital security, the internet of things. The solutions are composed of proprietary and third party products, managed services, engineering and consultancy services. Together with Exprivia, which recently acquired Italtel's controlling shareholding, it constitutes a new large Italian ICT group that intends to be a leader in digital transformation through the development of innovative solutions and services both in Italy and abroad. The target market consists of service providers, public and private enterprises, with a specific focus on vertical markets such as Energy, Health, Industry, Defense, Finance and Smart Cities. http://www.italtel.com
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