Founded Year
2008Stage
Loan | AliveTotal Raised
$58.35MLast Raised
$58.35M | 2 mos agoAbout Netcity
Netcity is the company that developed and operates the underground fiber optics network in Bucharest, Romania. It supports underground metro infrastructure for the electronic communication systems of Bucharest. The company was founded in 2008 and is based in Bucharest, Romania.
Netcity Headquarter Location
Bd. Poligrafiei, nr. 1A, Ana Tower Sector 1
Bucharest,
Romania
031-41-38-530
Latest Netcity News
May 3, 2022
May 3, 2022 10.37 Europe/London The Bucharest fibre-optic network operator Netcity Telecom has secured a loan of €55 million from Banca Comerciala Romana (BCR) and BRD Groupe Societe Generale. The banks will act together as the main mandated arrangers and creditors. BCR is also the documentation and guarantee agent, with Erste Group Bank a facility agent. The funding will be used to refinance 100% of Netcity Telecom’s existing debt at the project level and to finance the continuous expansion of the underground fibre network in the Romanian capital. The Netcity network of over 1,760km covers the main parts of Bucharest and connects over 30,000 buildings in the city. It is in continuous development and expected to double its coverage in the next four years.
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Netcity Rank
When was Netcity founded?
Netcity was founded in 2008.
Where is Netcity's headquarters?
Netcity's headquarters is located at Bd. Poligrafiei, nr. 1A, Ana Tower Sector 1, Bucharest.
What is Netcity's latest funding round?
Netcity's latest funding round is Loan.
How much did Netcity raise?
Netcity raised a total of $58.35M.
Who are the investors of Netcity?
Investors of Netcity include BRD Groupe Societe Generale, Meridiam and Direct One.
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