Greece’s telecom infrastructure to receive 2 billion euro upgrade

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Balkan telecommunications and media company, United Group, plans to invest 2 billion euros to upgrade Greece’s telecoms infrastructure, the prime minister’s office said on Thursday.

The planned upgrades will take place until 2027 and will see the installation of a 10-gigabit fibre optics network that will service 4.5 million customers.

During the Thursday meeting between Greece’s Prime Minister, Kyriakos Mitsotakis and representatives of United Group at Maximos Mansion in Athens, Mitsotakis said the digital upgrade will allow the nation “make a real leap”.

“It will allow us to quickly bridge an important gap that we have long pointed out and provide very high speeds at affordable prices to millions of Greek households,” Mitsotakis said.

United Group is majority owned by private equity firm BC Partners, whose President, Nikos Stathopoulos said the 2 billion euro investment will “greatly promote the prospects of the country” whilst also promoting “the economic prosperity and social prosperity” of Greece.

United Group CEO Victoriya Boklag said that the upgrades would create a “state-of-the-art fibre optic infrastructure,” which is a “vote of confidence in Greece and its technological capabilities.”

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