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.
Allianz (XE:ALV)
Historical Stock Chart
Von Dez 2021 bis Jan 2022 Click Here for more Allianz Charts.
Allianz (XE:ALV)
Historical Stock Chart
Von Jan 2021 bis Jan 2022 Click Here for more Allianz Charts.