Direct One completes NetCity acquisition

16 Feb 2017

Direct One has closed its acquisition of Bucharest-based underground fibre-optic broadband operator NetCity, the Business Review reports. The sale process began in 2015, and as previously reported by TeleGeography’s CommsUpdate, in September 2016 NetCity’s fibre network was sold to Direct One for an undisclosed fee. Direct One currently operates a national inter-city fibre-optic network exceeding 5,500km, and the company will now assume responsibility for NetCity’s 1,000km fibre grid in Bucharest. NetCity was previously owned by UTI NetCity Investments and UTI Grup.

Romania, Direct One (Romania), NetCity (Romania)