Meridiam and E-INFRA, through Direct One SA, have entered into a partnership through Netcity Telecom (Netcity), which develops and operates the Romanian capital’s underground fibre optics and ducts telecommunications network. Netcity’s activities include designing, building and operating the duct network for the entire Bucharest area, thus improving the visual appearance of the city and safety through the migration of the aerial cable networks underground.
Through this partnership, Meridiam acquired a co-controlling stake and the parties agree to accelerate development of Netcity’s network in Bucharest. The joining of two experts in the field of digital infrastructure will maximize the potential for the development and management of a modern infrastructure, at the highest standards. These changes aim at contributing to the United Nations Sustainable Development Goals (UNSDGs) and bring positive impacts on:
The metropolitan infrastructure developed by Netcity is equally, transparently, and indiscriminately available to all companies and telecom operators that activate or want to provide services in the territory of Bucharest. Today, Netcity’s underground network of over 1,760 kmovers the main boulevards in Bucharest and connects over 30.000 buildings in the city. The network is under continuous development with the goal of reaching extensive coverage of Bucharest metropolitan area in the coming years.
Meridiam has a strong and demonstrated experience in the transformational infrastructure and fibre sectors. The firm is currently building comprehensive fibre optic networks in Germany and Austria and developing similar projects in United States of America and Canada.