Tag Archives: Open

Italy's Open Fiber enlists banks for $8 billion broadband rollout
April 13, 2018 6:07 pm|Comments (0)

MILAN (Reuters) – Italy’s Open Fiber has enlisted banks to help fund the 6.5 billion euro ($ 8 billion) rollout of its fast broadband network, it said on Friday, confirming an earlier Reuters report.

Rome has long pushed for an all-fiber optic network to help Italian business and boost productivity. Open Fiber said its network would cover 271 Italian cities and around 7,000 municipalities in the country.

Open Fiber said it had signed the 7-year 3.5 billion euro project finance deal with BNP Paribas (BNPP.PA), Societe Generale SOCG.PA and UniCredit (CRDI.MI) and expects it to be finalised in the next few months.

The firm, which is jointly owned by state-controlled utility Enel (ENEI.MI) and state lender Cassa Depositi e Prestiti, said in its new 2018-2027 plan it was looking to take its fiber-optic network into about 19 million homes and businesses.

It added it would spend about one billion euros per year over the next three years.

Enel, which will use its existing power grid network to house cable, has said it intends to repeat the project in other countries where it operates.

Open Fiber’s new plan comes just days after investor CDP bought a stake in phone incumbent Telecom Italia (TLIT.MI) (TIM) in a move some say could open the way for an eventual merger of Open Fiber with the network of its bigger rival.

The government enlisted the help of Enel two years ago to build a fiber-to-the-home (FTTH) network after accusing TIM of acting too slowly to upgrade its ageing copper network.

But with TIM expanding its own network, industry experts say duplication of infrastructure makes little economic sense.

“With the approval of the new plan and the funding a new phase starts for Open Fiber with the aim of speeding up the roll-out of the FTTH network,” its CEO Elisabetta Ripa said.

The company said it had extended an existing deal with Vodafone (VOD.L) to cover all 271 cities covered by its plan.

Sky’s (SKYB.L) Italian unit last month signed a long-term deal with Open Fiber to allow it to offer internet TV in Italy.

($ 1 = 0.8114 euros)

Reporting by Stephen Jewkes; editing by Francesca Landini and Alexander Smith


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Check Out These 6 Handy Apps That Wouldn’t Exist Without Government Open Data
April 30, 2017 10:25 pm|Comments (0)

We might imagine apps are created by some clever geek building a startup out of a garage, and that might even be true. But those shoestring operations would not have resources needed to create these useful applications without data provided by government agencies.

Cloud Computing


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Five Open Source Projects that MSPs Should Be Following
February 2, 2017 5:55 am|Comments (0)

The OpenStack cloud computing platform — some call it a cloud computing operating system — has been around for several years. Adoption has been …


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Open Source Pioneer Mark Shuttleworth Says Smart “Edge' Devices Spawn Business Models
January 5, 2017 2:50 am|Comments (0)

Ubuntu, a version of the Linux computer operating system, runs on many of the servers that power cloud computing. Ubuntu pioneer Mark Shuttleworth …


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Open Source, Containers and the Cloud: News from ContainerCon and LinuxCon
August 25, 2016 6:15 pm|Comments (0)

Here’s a round-up of the announcements and insights related to cloud computing that emerged from the meeting. LinuxCon and ContainerCon are …


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2016 THE Journal Readers’ Choice Awards Voting Now Open
August 5, 2016 8:35 am|Comments (0)

1105 Public Sector Media Group is pleased to announce that voting for the 2016 THE Journal Readers’ Choice Awards is now open

(PRWeb August 05, 2016)

Read the full story at http://www.prweb.com/releases/2016/08/prweb13594611.htm

All articles

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UK chain Debenhams set to open in Australia, exciting our aunts and uncles
June 23, 2016 8:10 am|Comments (0)



Australia has had an influx of cool international retailers set up shop recently. Zara, H&M, Uniqlo and Forever 21 are the biggest and best of the lot, but now the party is about to be crashed by their strait-laced British relative, Debenhams.

The department store is set to open in Melbourne and is expected to sign up for a 4,000-square metre space in the newly redeveloped St Collins Lane building, according to the Australian Financial Review.

It follows a franchise agreement struck between the department store and retail investment company Pepkor South East Asia last year, with plans to open 10 stores locally over the long-term, according to the Sydney Morning Herald. Read more…

More about Business, Australia, and Watercooler

Cloud Computing

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ThreatMetrix Announces Open Intel
May 13, 2016 12:40 pm|Comments (0)

Industry-first capability orchestrates ThreatMetrix and third-party fraud and authentication decisions across the enterprise

(PRWeb May 13, 2016)

Read the full story at http://www.prweb.com/releases/2016/05/prweb13413844.htm


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SUSE Debuts OpenStack Cloud 6 for Open Source Private Cloud Computing
March 5, 2016 1:00 am|Comments (0)

SUSE OpenStack Cloud 6, the newest version of the enterprise open source private cloud platform, focuses on enterprise adoption, SUSE says.


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Red Hat To Be First $2 Billion Open Source Company
December 10, 2015 1:25 pm|Comments (0)

Red Hat reports 13% growth in the second quarter, improved cloud and emerging technology sales, and an expanded revenue estimate for third quarter.


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