Open Fiber
Founded Year
2015Stage
Acquired | AcquiredTotal Raised
$4.684BAbout Open Fiber
Open Fiber provides ultra-wideband (UWB) optical fiber services throughout Italy. Open Fiber provides the development, management, and maintenance of the optical fiber network with fiber to the home (FTTH) technology.On November 11th, 2021, Open Fiber was acquired by Cassa Depositi e Prestiti (CDP) and Macquarie Investment Management. The terms of the transaction were not disclosed.
Open Fiber Headquarter Location
Via Certosa 2
Milan, 20155,
Italy
Latest Open Fiber News
May 16, 2022
16 MAY 2022 Telecom Italia signed a commercial agreement to share its network infrastructure with state-backed Open Fiber to accelerate rollout of fibre into remote areas of Italy. The €200 million reciprocal deal involves Open Fiber accessing the infrastructure of Telecom Italia’s Fibercop unit and vice-versa in so-called white areas, where public funding is being used to finance network deployments. Telecom Italia stated the deal involves Open Fiber accessing “aerial infrastructure” and “access connections” to home from FiberCop. In return, the operator plans to make Open Fiber service available to at least 500,000 customers. Telecom Italia CEO Pietro Labriola (pictured) stated the deal was “a further step forward in the execution of our asset enhancement strategy”. The strategy involves Telecom Italia separating infrastructure assets from its service operations, with the plan set to be presented in early July. Telecom Italia’s fibre deal with OpenFiber could be a precursor to a merger of FiberCop to create a single fibre network company in Italy. In April , Telecom Italia signed a non-disclosure agreement with state lender CDP to discuss the merger of its fixed network with Open Fiber.
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When was Open Fiber founded?
Open Fiber was founded in 2015.
Where is Open Fiber's headquarters?
Open Fiber's headquarters is located at Via Certosa 2, Milan.
What is Open Fiber's latest funding round?
Open Fiber's latest funding round is Acquired.
How much did Open Fiber raise?
Open Fiber raised a total of $4.684B.
Who are the investors of Open Fiber?
Investors of Open Fiber include Cassa depositi e prestiti, Macquarie Investment Management, Macquarie Group, Enel Group, Banco BPM and 5 more.
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