Our history
Since 2008, We’ve Been Building the Foundation of Bucharest’s Digitalisation.
Since 2008, kilometre by kilometre.
The Auction
Bucharest launches a public auction for the construction of an underground telecommunications network.
The Beginning
Netcity Telecom is established with 100% private investment. The concession agreement is signed on 2 June, and by December the first 12 km section is completed in the Unirii area.
The First Operators Underground
The first fibre-optic cables belonging to telecommunications operators are installed in the network.
Phase I Completed
The backbone of the network is built in high-demand areas: 878 km.
E-Infra
E-Infra acquires Netcity and invests in extending the network.
1,300 km
Second milestone reached: the network reaches 1,300 km.
1,700 km
Third milestone: the underground network reaches 1,700 km.
The Meridiam Family
Meridiam acquires a 49% stake in Netcity.
2,100 km and Refinancing
The network reaches 2,100 km. Financial Close refinances existing facilities and supports the implementation of Phase II.
3,000 km. Phase II Completed
In January, Meridiam increases its stake to 80% by acquiring an additional 31% from Direct One. Phase II is completed with 3,000 km of network and over €100 million invested.
Phase III
An additional 900 km of network by 2030, and smart city applications built on the existing infrastructure, such as video surveillance and intelligent transportation systems.