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Open Fiber covered 13.5 million premises at end-2021, FY sales up 45%

15 Mar 2022

Italian state-backed wholesale network operator Open Fiber says its fibre infrastructure covered 13.5 million premises at the end of 2021, up 23% in twelve months, making it one of the largest fibre providers in Europe. As of 31 December the company was offering services in 219 large and medium cities and 3,230 small municipalities (where it operates as a public concessionaire). Open Fiber’s industrial plan provides for the eventual coverage of 24 million real estate units in all regions of Italy. The company said more than 1.6 million fibre-to-the-home (FTTH) connections are now live on its network via third-party service providers.

Revenues for full-year 2021 amounted to EUR380 million (USD416 million), up 45% from 2020, while EBITDA jumped 92% to EUR152 million. The firm invested over EUR1.3 billion in its network rollouts in 2021, taking total spending to around EUR4 billion over the past four years.

Mario Rossetti, CEO of Open Fiber, commented: ‘We are strongly committed to completing and speeding up coverage of the whole country with an ultra-broadband infrastructure, giving priority to the white areas where the digital gap is mostly discounted. With these objectives, at the service of the recently approved industrial plan, we will field EUR11 billion in additional investments.’

Italy, Open Fiber

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