Fibermind to Acquire FTTH and FWA Business Division of Italtel

Italian telecommunications equipment and ICT company Italtel has agreed to sell its UBB (Ultrabroadband) business unit to Fibermind, a Milan-based company within the Maticmind group.

Highlights

  • Italtel has agreed to sell its UBB business unit to Fibermind.
  • The UBB business unit of Italtel is dedicated to designing fibre optic FTTH and radio FWA access networks.
  • Creation of Newco to streamline the transaction.

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Fibermind to Acquire FTTH and FWA Business Division of Italtel
Italian telecommunications equipment and ICT company, Italtel, has announced that it has reached an agreement to sell its UBB (Ultrabroadband) business unit to Fibermind, a Milan-based company within the Maticmind group specialising in consulting and assisting in the construction of infrastructural networks for fibre optic connections, for an undisclosed sum.

Also Read: Open Fiber Begins Construction of FTTH Network in Canosa di Puglia, Italy




Italtel's Growth Strategy

Italtel announced this development on Wednesday, stating in its official release that this move represents a significant step in Italtel's growth journey. It aligns with its industrial plan to refocus on digital transformation, network integration solutions, and ICT services, as well as on strengthening segments such as cybersecurity, cloud, analytics and automation, and IoT.

UBB Business Unit

The UBB business unit of Italtel is dedicated to designing fibre optic FTTH (Fibre To The Home) and radio FWA (Fixed Wireless Access) access networks. It is staffed by a specialised team of approximately 100 professionals.

Also Read: Iliad’s Fiber Service Reaches 10 Million Italian Households

Newco Establishment

To facilitate this transaction, Italtel said it has established a new company (Newco) that will hold the UBB business division and will subsequently be fully acquired by Fibermind.

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Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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