By Ed Frankl
Allianz SE said Friday that it would invest 1 billion euros ($1.12 billion) in fibre-optic network rollout in Austria.
The German insurer said its subsidiary Allianz Capital Partners entered into an agreement with infrastructure company Oesterreichische Glasfaser-Infrastrukturgesellschaft to connect up to 1 million households to the fibre-optic network by 2030.
Allianz has been involved in deploying fibre infrastructure since 2019, it said.
Write to Ed Frankl at email@example.com
(END) Dow Jones Newswires