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Share Name Share Symbol Market Type
Allianz AG XE:ALV XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.26 -0.16% 161.54 161.54 161.54 162.24 158.30 159.22 689,088 16:45:00

Allianz Invests EUR1 Billion in Austrian Fibre-Optic Rollout

26/11/2021 10:26am

Dow Jones News


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By Ed Frankl

 

Allianz SE said Friday that it would invest 1 billion euros ($1.12 billion) in fibre-optic network rollout in Austria.

The German insurer said its subsidiary Allianz Capital Partners entered into an agreement with infrastructure company Oesterreichische Glasfaser-Infrastrukturgesellschaft to connect up to 1 million households to the fibre-optic network by 2030.

Allianz has been involved in deploying fibre infrastructure since 2019, it said.

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

November 26, 2021 05:11 ET (10:11 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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