Meridiam has been selected as the preferred bidder for the development of a fiber network in Austria.
Meridiam said the 50-year contract comprises the rolling-out, financing, operating and maintaining of the regional fiber network in the 29 municipalities of Liezen, the largest district of Austria.
The network will be laid mostly under already constructed routes, as well as in the already existing duct infrastructure, and will serve more than 50,000 homes in Liezen.
Meridiam will invest more than €100 million ($112 million), as part of a strategic plan to push the widespread rollout of fiber throughout the country. Austria is planning to dedicate more than €1 billion ($1.12 billion) to massively deploy fiber access in the coming years.
Construction of the network will start in 2023, with full-scale operation to begin in 2025.