ING Bank and UniCredit Bank finance the expansion of DIGI Group’s fibre optic infrastructure in Europe with 200 million euros

ING Bank and Unicredit Bank have successfuly finalized, as joint coordinators and lead managers, a significant syndicalised transaction aimed at financing the telecommunication infrastructure. The 200 million euros worth financing, granted for a period of 5 years, will support the development of DIGI Group’s fibre optic networks in Europe.

DIGI Group intends to use the funds for their investment plans in the expansion and modernization of their own network infrastructure, mainly from Spain, Portugal and Belgium. The company’s strategy aims to increase competitiveness by streamlining costs and developing its own infrastructure, with a focus on CAPEX components.

„ING is one of the main partner banks of DIGI Group. In the past 10 years, ING Bank has brokered transactions worth over 3 billion euros for the DIGI Group. We are delighted to support the company with a new financing, which further strenghtens our strategic partnership. DIGI Group has ambitious growth plans, and we are determined to support them as their financial partner in this successful story”- Raluca Radbata, Telecom, Media&Technology Sector Coordinator, ING Bank Romania. 

„We are honored to coordinate such a relevant transaction for DIGI Group. This collaboration reflects our firm commitment towards supporting landmark companies from strategic areas, such as telecommunications. We are grateful for the trust placed in UniCredit Bank and are happy to continue our support for DIGI Group in expanding and modernizing their optic fibre infrastructure. It is a major milestone, both at local level, as well as for strengthening the group’s  global presence”- Mihaela Petraru, Director for Large Corporations, Financial Institutions and Public Sector, UniCredit Bank Romania.