Nova-Wind unit secures EUR80m loan for fibre rollout

27 Jul 2022

Hellenic Open Fibre (HOF), the wholesale networks unit of Greek telco Nova-Wind, has secured EUR80 million (USD81 million) financing to push ahead with its fibre-to-the-home (FTTH) rollout. The ten-year funding agreement has been backed by the country’s National Recovery and Resilience Plan, which is providing EUR50 million with support from the EU. Another EUR30 million will be put up by Eurobank and National Bank of Greece, with Nova-Wind adding EUR20 million itself to finance the planned EUR100 million rollout. Nova-Wind’s total investment in next-generation technologies such as FTTH and 5G is set to exceed EUR1.3 billion by 2026.

The telco’s CEO, Panagiotis Georgiopoulos, noted: ’Nova-Wind is an infrastructure investor and has a long-term horizon. Today’s agreement reflects exactly that, our commitment to creating next-generation infrastructure that will accelerate the digital transformation of our country, ensuring access to technology for all our fellow citizens.’

Part of United Group, Nova-Wind includes the operations of pay-TV and broadband provider Nova, plus fixed and mobile operator Wind Hellas.

Greece, Nova (formerly Forthnet), Wind Hellas