(Alliance News) - Planetel Spa and Open Fiber Spa on Thursday signed a new framework agreement regarding the concession in IRU - Indefeasible Right of Use - of some sections of Planetel's fiber optic network in order to support the development of Open Fiber's ultra-fast fiber optic cabling plan.

The objective is to encourage greater speed in making the infrastructure available to the territories relating to the provinces of Monza and Brianza, Bergamo, Brescia and Verona thanks to the use of existing facilities that will allow for prompt action in reducing the digital divide for access to services that are now indispensable and of prime necessity.

Planetel is flat at EUR5.50 per share.

By Claudia Cavaliere, Alliance News reporter

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