TIM, billionaire loan to FiberCop to encourage the development of fiber

TIM

FiberCop, a TIM Group company, has just signed a loan agreement for an amount of € 1.5 billion with a pool of international banks. The transaction allows FiberCop to further strengthen its financial structure; in particular, the proceeds will be used in part to repay the existing intra-group loan, and will also impact on the strategy for creating the future network for Italy's digital development.

The debt refinancing plan it will expire next year. This operation - the first for FiberCop - confirms the solidity of the business model adopted: the loan was granted by a large consortium of international banks and the amount will be used in full upon signature. The “corporate term loan” line of credit has a maturity of 5 years.

Fiber optic connection cabinet - https://www.pexels.com/photo/connected-fc-cables-in-modern-data -center-4425157 / FiberCop is an infrastructure company controlled by TIM at 58%, by KKR Infrastructur at 37.5% and by Fastweb for the remainder (4.5%). The shared goal of TIM and FiberCop is to increasingly encourage the digitization of the country through the widespread diffusion of optical fiber (in particular Fiber-to-the-home / FTTH).

if (jQuery ("# ​​crm_srl-th_mobilelabs_d_mh2_1"). is (": visible")) {console.log ("Edinet ADV adding zone: tag crm_srl-th_mobilelabs_d_mh2_1 slot id: th_mobilelabs_d_mh2"); } FiberCop was the first to apply the new European Code of Electronic Communications on a national scale. Operating on the basis of the co-investment model, FiberCop provides operators with passive fiber optic access services and services described as "advanced" and respectful of people and the environment. The company aims to cover 75% of homes in the gray and black areas by 2025. In this way, FiberCop intends to significantly reduce the problem of the digital divide in Italy, favoring the transition from copper to fiber and therefore guaranteeing users a much higher connection speed. To date, FiberCop already offers UBB connections to 94% of fixed lines thanks to FTTC and FTTH technologies.

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