With the recent industrial plan, Open Fiber increases investments by 11 billion to grow throughout Italy the ultra-wide fiber optic network. She pointed this out Mario Rossetti, managing director of the company that since December, after the exit of Enel from the capital, is 60% controlled by Cdp Equity and 40% by the Macquarie fund and which released its 2021 budget accounts on Monday evening.
Open Fiber: maxi-financing to invest
with over 1,3 billion euros committed last year it's about one billion euros a year in the last four years - it is read in the company statement – Open Fiber “confirms itself among the largest investors in the country”.
To implement the investment plan, the company obtained from a pool of banks a total financing of approximately 7,2 billion euros, extendable for additional 2,8 billions.
The coverage of the ultra-wide fiber network
Last year's financial year (the fifth year of operation for Open Fiber) ended with over 13,5 million real estate units covered (+23% compared to 2020).
In all, Open Fiber's industrial plan provides for coverage of 24 million real estate units in all regions of Italy.
As of December 31, 2021, the company opened the marketing of services in 219 large and medium-sized cities (black areas) e in 3.230 small towns (white areas, where Open Fiber operates as a public concessionaire).
Open Fiber: 2021 budget
As for financials, Open Fiber files 2021 with revenues for 380 million euros, up 45% year-on-year.
On the profitability side, theEbitda it almost doubled: +92%, from 79 to 152 million. Positive trend also for the marginality, which rises from 30 to 40%.
La financial position net is negative for 3,3 billion euro.
The words of the CEO Rossetti
“Open Fiber is a sustainable company due to the intrinsic nature and socio-economic impacts of its business – he commented Lipsticks – In a complex global context, thanks to the support of our shareholders and the international financial system, we are working to complete a key infrastructure for households and businesses. We are strongly committed to completing and speeding up coverage of the whole country with an ultra-broadband infrastructure, giving priority to white areas where the digital gap is most obvious. With these objectives, at the service of the recently approved industrial plan, we will field 11 billion in additional investments".
