WIND announced the establishment of Hellenic Open Fiber, a company that will aim to accelerate the development of new generation networks, with special emphasis on fiber optic networks to home (Fiber to the Home) or business (Fiber to the Office). Hellas.
The total investment of Hellenic Open Fiber, as mentioned in a relevant announcement of Wind, is going to exceed 150 million euros (by 2026), while the multiplier impact on the economy is estimated at around 500 million euros, strengthening the Greek economy with 600 new jobs (direct and indirect) and actively supporting the local economies of the country.
At the same time, the creation of Hellenic Open Fiber aims to contribute decisively to the acceleration of the digital agenda of the state and to the bridging of the digital gap with Western Europe, being in full alignment with the axes of the “Greece 2.0” plan. Through its operation, the new company will create the necessary conditions for high-speed Internet, which will be available in many areas of Greece, actively contributing to the digital transformation of local government. The aim of the new company is to make fiber optic technology available to more than 600,000 homes over the next 5 years, significantly upgrading the country’s already existing broadband infrastructure.
Referring to the establishment of the new company, the president & CEO of WIND Hellas, Nassos Zarkalis noted: “The development of fiber optic networks has been our strategic priority for the last five years, with our company being the first provider to introduce fiber optics in Based on our experience, our know-how and the long history of large investments in the Greek economy and society, the establishment of the new company is a natural continuation of our strategic planning and lays the necessary foundations for achieving our goals. “Hellenic Open Fiber will be an accelerator of investments in new generation networks and will contribute substantially to the shaping of the new digital page of the country”.
The new company will operate as a wholesale, open-access company and without discrimination to any other service provider. At the same time, it will acquire all the active fiber optic equipment of WIND and will undertake all the existing wholesale services, without any changes in the current offers, specifications and wholesale service procedures.
“Hellenic Open Fiber, through its investments, aims to eliminate the quality problems that often occur in the existing copper networks, while the use of underground cables will significantly improve the aesthetics and safety in areas and neighborhoods that have fiber optic networks. The economic benefits “Consumers are expected to be significant as they will have a big upgrade in their speeds, with competitive prices in relation to the high quality services they will enjoy”, it is pointed out in the announcement.
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Source From: Capital
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