tiprankstipranks
Advertisement
Advertisement

Unidata Expands Fiber Network with ClioFiber Stake

Unidata Expands Fiber Network with ClioFiber Stake

Unidata S.P.A. (IT:UD) has released an update.

Claim 55% Off TipRanks

Unidata S.p.A. has acquired an 11% stake in ClioFiber for €625 thousand, partnering with the European Connecting Europe Broadband Fund to expand the FTTH network in the Apulia Region. This strategic investment boosts Unidata’s infrastructure, aiming to cover over 600,000 housing units by the end of 2024, thereby strengthening its market presence and reducing the digital divide in Italy.

For further insights into IT:UD stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1