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Unidata S.P.A. ( (IT:UD) ) just unveiled an announcement.
Unidata S.p.A. has announced that Unitirreno, a joint venture it established with the Infrastructure Growth ESG Fund, has secured a €57 million financing agreement from Intesa Sanpaolo and Banco BPM. This funding supports the development of an underwater fiber optic infrastructure connecting Mazara del Vallo to Genoa, featuring the first Open Cable system in the Mediterranean. This project aims to enhance broadband capabilities nationally and internationally, positioning Italy as a telecommunications hub in the region.
More about Unidata S.P.A.
Unidata S.p.A. is a telecommunications operator providing cloud and IoT services, and is listed on the Euronext Milan market – STAR Segment. The company is involved in creating digital infrastructure projects, focusing on enhancing connectivity and telecommunications in the Mediterranean region.
YTD Price Performance: -9.73%
Average Trading Volume: 63,704
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €83.08M
For a thorough assessment of UD stock, go to TipRanks’ Stock Analysis page.
