(Tiper Stock Exchange) – Unidataoperator of Telecommunications, Cloud and IoT services, listed on the Euronext Growth Milan market of Borsa Italiana, and Fondo Infrastrutture per la Crescita ESG ( IPC Fund) of Azimut Free Enterprise SGR, whose investment activity is focused on social infrastructure capable of generating positive growth in the economy while respecting ESG principles, announce the successful signing of binding agreements for the implementation, through a special purpose company (SPV), called Unitirreno Submarine Networkof a new system of submarine optical fibers in the Tyrrhenian Sea of approximately 900 kilometers which will connect Mazara del Vallo to Genoa with a junction point near Rome-Fiumicino.
The construction of the new network will be entrusted to Alcatel Submarine Networks and Elettra Tlc and will be first Open Cable system with 24 pairs of optical fibers, in the Mediterranean region with state-of-the-art submarine technologies aimed at meeting the ever-increasing broadband needs both nationally and internationally. It is a speed of 20 Tbps is expected (terabytes per second) per pair of fibers which translates into a total system capacity of 480 Tbps on the main section and 320 Tbps on the branch with 16 pairs of fibers towards Fiumicino. The new network will also include stubbed branch units to facilitate future landings in Sardinia and/or Palermo.
Unitirreno will be 96% owned by a HoldCo – in turn 66.67% owned by Fondo IPC and 33.33% by Unidata, with the possibility for the latter to hold a majority stake once the construction phase is completed – and 4% by some managers promoting the initiative with proven experience in the telecommunications sector.
Unitirreno will perform a total investment estimated at approximately 80 million eurosfinanced by equity for 36 million (in particular Unidata will invest an amount between 12 million and 18 million), and for the remaining 44 million approximately, by the banking system and by self-financing generated by the operation.