Allianz Invests EUR1 Bln in Austrian Fibre-Optic Rollout


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 edward.frankl@dowjones.com



Source link

Scroll to Top