Hellenic Open Fibre secures €80m

Hellenic Open Fibre (HOF), a subsidiary of United Group’s Nova-Wind, has obtained a loan of €80 million within the Greece 2.0 plan and with funding from the EU.

According to local reports, it will be used to finance a €100 million investment in an accelerated rollout of FTTH networks across Greece. Of the €100 million, €50 million will be obtained from the Recovery and Resilience Fund and €30 million from Eurobank and the National Bank of Greece. The remaining €20 million will be covered by HOF’s own funds.

Nova-Wind’s total investment in next-generation technologies is set to exceed €1.3 billion by 2026 and mainly covers the expansion of the FTTH network and the national coverage of the 5G network, changing the fixed, mobile and internet market while enhancing its customers’ TV experience through the pay-TV platform Eon. BroadBandTVNews