(Finance) – Open Fiber, a leading operator in the Italian optical fiber market, has concluded its fifth year of operation with over 13.5 million real estate units covered (+ 23% compared to 2020). THE revenues amount to approximately 380 million euros, an increase of 45% compared to approximately 261 million at the end of 2020.EBITDA director growth of 92% to approximately 152 million, the marginality passes from 30% to 40%, while the net financial position amounts to -3.3 billion euros, with investments made during the year amounting to over 1.3 billion euros.
The industrial plan of Open Fiber, 60% controlled by the CDP and 40% by Macquarie, provides for the coverage of 24 million real estate units in all regions of Italy. As of December 31, 2021, the company opened the marketing services in 219 large and medium-sized cities (black areas) and 3,230 small municipalities (white areas, where OF operates as a public concessionaire). There are about 300 operators in the telecommunications, broadcasting, energy and e-learning sectors which have chosen Open Fiber as the main provider of infrastructures and services.
In addition to the 2021 budget, the Board also approved the Sustainability Report 2021, the document that for the second year of publication describes the commitment of Open Fiber in the field of sustainability in its various meanings. “Open Fiber is a sustainable company due to the intrinsic nature and socio-economic impacts of its business – he commented Mario Rossetti, managing director of Open Fiber – In a complex global context, thanks to the support of shareholders and the financial system, including the international one, we are working to complete a key infrastructure for families and businesses. We are strongly committed to completing and speeding up coverage of the whole country with an ultra-broadband infrastructure, giving priority to the white areas where the digital gap is mostly discounted. With these objectives, at the service of the recently approved industrial plan, we will deploy 11 billion in additional investments“.
With around 1 billion euros a year committed over the last four years, Open Fiber is among the leading companies in Italy for the amount of investments carried out. To carry out the project, the company obtained from a pool of leading Italian and international banks a financing of approximately € 7.2 billion, extendable for a further 2.8 billion. This is the largest financing operation for investments in TLC networks ever carried out in the EMEA area.