Initiatives and projects
Since 2006: from the Bucharest City Hall documentation to the 2007 tender and the Netcity Telecom project company.
In 2006, Bucharest City Hall initiated the process of generating the necessary documentation for the Netcity project – an underground fiber optic metropolitan infrastructure that would offer its services to any interested user.
The initiative of the municipality was materialized in the open public auction, organized in August 2007. The contract for the development of the metropolitan fiber optic infrastructure was signed on June 2nd, 2008.
For the development, operation and management of the Netcity network, a special purpose vehicle named Netcity Telecom was set up.
During the contract term of the concession agreement, Netcity Telecom pays to the Bucharest City Hall a royalty of 12% from the revenues generated out of the basic services.