Share Issue/Capital Change • Sep 29, 2022
Share Issue/Capital Change
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PRESS RELEASE
Rome, Sept. 29, 2022 - Unidata S.p.A. (EGM: UD), an operator of Telecommunications, Cloud and IoT services, announces that today binding agreements subject to conditions have been reached with an infrastructure fund, managed by a leading Italian operator, and a number of managers with recognized expertise in the Tlc sector for the construction - through a special purpose company called Unitirreno S. p.A. - of an approximately 890 kilometer submarine fiber system in the Tyrrhenian Sea that will connect Mazara del Vallo with Genoa with a junction point near Rome-Fiumicino.
Also on today, Unidata S.p.A. and the European Connecting Europe Broadband Fund or CEBF signed agreements amending and supplementing the agreements reached on December 21, 2020-and disclosed to the market on the same date-in order to provide for the doubling of the investment in Unifiber, a company 70 percent owned by CEBF and 30 percent owned by Unidata S.p.A., created to build a fiber-optic network in the gray areas of Lazio.
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The initiative involves a total investment by Unitirreno-which will be majority owned by Unidata-estimated at €70 million, which will be provided, as much as €36 million, by the shareholders (equity) (in particular, Unidata will invest an amount between €12.5 million and €18.5 million); the remaining amount will be financed by the banking system.
The signing of the binding agreements is expected, subject to the fulfillment of certain conditions precedent in line with market practice, by the end of 2022.
Renato Brunetti, president and CEO of Unidata S.p.A., said, "We are really excited, because this project is great, both physically and for what it will mean for our company but also for our country. Connecting Sicily by sea with the capital and with northern Italy through cutting-edge submarine technologies will allow us to be an alternative to our French cousins' current hub in Marseille. These submarine cables will also be able to have a junction in order to continue the route westward in the vicinity of Sardinia. Finally, we are confident of making important synergies between the Rome-Fiumicino hub and the green data-center that we will be building on site starting in the coming months."
00148 Roma unidata.it IT06187081002
1 UNIDATA S.p.A. T +39 06 404041 N. REA 956645 Viale A. G. Eiffel 100 F +39 06 40404002 Share capital €. 2.464.642 i.v. Commercity M26 [email protected] Codice Fiscale/Partita Iva
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The doubling involves an additional shareholder (equity) investment of € 18.5 million, including € 15.0 million from CEBF and € 3.5 million from Unidata, which, added to the investment previously incurred, brings the total shareholder investment to € 37.0 million, including € 30.0 million from CEBF and € 7.0 million from Unidata, against a total investment by Unifiber estimated at about € 90 million.
As a reminder, Unifiber's goal is to build a high-quality fiber optic (FTTH), open-access network for residential and business users in the gray areas of the Lazio Region that will cover 193,000 residential and 8,000 business real estate units as a result of the expanded investment. Unifiber, which will operate as a wholesale-only operator, has contracted Unidata to design, manage, build and maintain its FTTH fiber-optic network on the basis of an EPC contract to be signed for the purpose.
Renato Brunetti, president and CEO of Unidata S.p.A., said, "We believed, and still believe strongly in this investment so much so that we want to double our contribution both in terms of equity contribution and the activities we will carry out within Unifiber. The construction of a fiber optic network in the gray areas of Lazio, in addition to having an important impact on Unidata's growth, will certainly have a social implication as it will support in digitization the areas of the Lazio region that are still unserved."
00148 Roma unidata.it IT06187081002
2 UNIDATA S.p.A. T +39 06 404041 N. REA 956645 Viale A. G. Eiffel 100 F +39 06 40404002 Share capital €. 2.464.642 i.v. Commercity M26 [email protected] Codice Fiscale/Partita Iva
This press release is available at Borsa Italiana, on the storage mechanism () and on the company's website www.unidata.it in the Investors/Press releases section.
Unidata S.p.A. Euronext Growth Advisor Roberto GIACOMETTI EnVent Capital Markets Ltd 329 2478696 +39 06 896841 [email protected] [email protected]
CDR COMMUNICATION CDR COMMUNICATION Silvia DI ROSA Angelo BRUNELLO +39 335 78 64 209 +39 329 21 17 752 [email protected] [email protected] Eleonora NICOLINI Elena MAGNI +39 333 97 73 749 +39 345 48 07 885 [email protected] [email protected]
BANCA FINNAT EURAMERICA SPA Palazzo Altieri, Piazza del Gesù 4906.699331
CFO ed Investor Relations Officer Londra, Berkeley Square 42, W1J54W +39 +39
Unidata S.p.A. Telecommunications, Cloud and IoT Operator. The Company was founded in 1985 by 3 partners still in the Company. With a fiber optic network of 4,920 km in continuous expansion, a wireless network and a proprietary data center, provides over 14,500 business, wholesale and residential customers with ultra-wideband connectivity services with FTTH (Fiber to the Home) network architectures, wireless connectivity, VoIP services, cloud services and other dedicated solutions, with a high level of reliability and security. Other activities in the operational start-up phase concern the Internet of Things (IoT), with the development and supply of solutions for the home automation market and Smart City.
Unidata S.p.A. ISIN CODE: IT0005338840 (Reuters UD MI - Bloomberg UD IM) is listed on the Euronext Growth Milan Italia Market of the Italian Stock Exchange.
00148 Roma unidata.it IT06187081002
3 UNIDATA S.p.A. T +39 06 404041 N. REA 956645 Viale A. G. Eiffel 100 F +39 06 40404002 Share capital €. 2.464.642 i.v. Commercity M26 [email protected] Codice Fiscale/Partita Iva
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