Direct One S.A., the leading neutral and independent telecom infrastructure operator in Romania, part of E-INFRA holding (Electrogrup Infrastructure SA), launched two new SmartCity solutions over its communication infrastructure implemented in 2017 in Alba Iulia. The two solutions installed in the…
Netcity joins District 4 City Hall in the major modernization projects in Bucharest southern area
Netcity Telecom launches new works for expanding the underground telecommunications network in District 4 of Bucharest. Netcity network will expand by approximately 60 kilometers, in coordinated works with the extensive action of modernization and extension on major boulevards initiated by the…
ELECTROGRUP INFRASTRUCTURE SA (E-INFRA) – integrated holding, financial results 2017
(Bucharest, 14/05/2018) The company is making public its consolidated 2017 financial results showing 107.5 milion Euro in turnover, which implies year-over-year growth of 39% and a consolidated operational profit or EBITDA of 22.57 milion Euro or 38% growth compared to 2016,…
Netcity Telecom continues the expansion of the underground fiber optic network of Bucharest with a private financing of over 30 million euros
Netcity Telecom has signed on April 19, 2018 an amendment and increase of its EUR 36 million club loan facility with a new facility of EUR 10 million with a syndicate of two banks – the Romanian Commercial Bank and BRD…
Emerging Europe Launches Regional Alliance
Emerging Europe — together with more than a dozen national, regional and global organisations — has launched the Emerging Europe Alliance for Business Services, Innovation and Technology. The objective of the Alliance is to increase the international competitiveness of emerging Europe, making…
Netcity Telecom resumed the private investment in the construction of the telecommunications infrastructure network
Bucharest City Hall and Netcity Telecom have proposed that works on the public fiber network, funded exclusively by Netcity from private funds, should continue at a sustained pace in 2017 and in the years to come. Netcity estimates that by 2020…
Merging and growing Romania’s outstanding broadband and other infrastructures
Our focus should be on how we can turn high broadband speed into meaningful advantages on the Digital Economy and Society Index, says Teofil Mureşan, chairman of the board at Electrogrup. He talked to Jerry Cameron about the need for consolidation in…
EximBank and Electrogrup signed a financial agreement of 11 million euros
In April, this year, EximBank granted Electrogrup a financial package of 11 million euros, intended for export services. The financial package includes a multi-product credit, to provide the working capital needed to run the company’s current business and a guarantee threshold…
Direct One closes the acquisition of Netcity Telecom
Direct One S.A. has closed its acquisition of Netcity Telecom, the operator of the underground fiber optic infrastructure network of Bucharest from its former owners – UTI Netcity Investments BV and UTI Grup SA. The Netcity acquisition ends a process started…
