(Finance) – Unidataa telecommunications, cloud and IoT services operator, today signed an agreement with the European fund Connecting Europe Broadband Fund (CEBF) for the acquisition of a minority stake in ClioFiber, a wholesale operator that deals with the creation of the FTTH network in the gray areas of the Puglia Region.
Unidata purchased 11.05% of the share capital of ClioFiber from a local operator, for a consideration of €625 thousand. ClioFiber will therefore be 11.05% owned by Unidata and the remaining 88.95% by CEBF.
In the execution of the project, Unidata will support ClioFiber as an industrial partner in the creation of the FTTH network and in business development; CEBF will monitor the operation and assist ClioFiber in the expansion project by making available financing and the experience gained through other similar investments.