The 2025 budget is in line with the multi-year plan prepared and approved by shareholders at the time of the spin-off of TIM’s network
Fears about the loss of sovereignty over the communications infrastructure are no longer in sight. The Fibercop fiber optic network, for example, was sold by TIM to the American fund KKR.
The board of directors of FiberCop, chaired by Massimo Sarmi, has approved the 2025 budget, which provides for the connection of 2 million new real estate units.
The results for the 2024 financial year were also presented: revenues stood at approximately 3.9 billion euros(US$4.09 billion), on a normalized and pro-forma basis. Normalised EBITDA after leasing (EBITDAaL), excluding certain non-recurring and one-off items, amounted to approximately 1.9 billion euros.
With the acceleration of the investment plan, FiberCop achieved significant capex of 2.4 billion euros in 2024, in line with all objectives, including those relating to the “Italy 1 Giga Plan” of the NRRP. The investments made in 2024 for the laying of FTTH fiber have made it possible to cover additional real estate units of approximately 2 million in 2024, in line with the company’s objectives.
In addition, the 2025 budget, presented to the Board and approved unanimously, is in line with the multi-year plan prepared and approved by shareholders at the time of the spin-off of TIM’s network.
The budget also reaffirms the strong commitment to the investment program for the FTTH fiber coverage of over 2 million new property units, which will allow the full achievement of the objectives relating to the NRRP, together with investments for the technological upgrade of the backbone network and the upgrading of other elements of the network.
“Today’s results, in line with the multi-year plan, are a clear testimony of the solidity and continuity of the path that the company has undertaken and intends to pursue,” comments president and CEO of FiberCop Massimo Sarmi. “The company is accelerating the laying of fibre and the decommissioning of the copper network, with the aim of ensuring greater benefits in terms of innovation, environmental and social sustainability. Through a substantial investment plan, and together with a solid management team, we are motivated to further improve the quality of the network and activities, in collaboration with our shareholders. We are guided by the mission of establishing ourselves as the country’s digital champion.”
