The United Group’s plan to make a €2 billion investment in Greece by 2027 to modernize the telecommunications infrastructure with new technologies was presented to Prime Minister Kyriakos Mitsotakis by representatives of the group during a meeting held this morning at Maximos Hall.

“I believe that your decision is proof of the confidence shown by both domestic and international investors in Greece’s prospects. And, of course, I believe that the excellent work done by the Ministry of Digital Governance, as well as the funds available from the Recovery and Resilience Fund, supports this type of investment,” said Kyriakos Mitsotakis at the beginning of the meeting. noting that “2022 will be a record year for attracting foreign investment to the country.”

United Group’s investment plan provides for the installation of a 10-gigabit fiber optic network that will reach 4.5 million individuals and businesses.

“For us, the digital transformation of the Greek economy and society is a bet that we intend not only to win, but to give Greece the opportunity to make a real leap,” the Prime Minister stressed. “I think that the citizens of Greece are already aware that what is done in the field of digital services is very important. And at the same time, we have an extremely ambitious plan, funded in part by the Recovery Fund, coupled with private funding: to be able to modernize our digital infrastructure as a whole.”

“Let me once again express my satisfaction with this very important investment, which you are announcing today through Nova, in the digital modernization of the country,” the Prime Minister said. “This will allow us to quickly bridge an important gap that we have been pointing out for a long time, but provide very high speeds at affordable prices for millions of Greek households and of course further stimulate competition in the market, which we initially consider to be welcome”, he added.

“With the investment you are announcing today as a continuation of the important work already done in the company, you give us confidence and confidence that this plan, this vision that we have, we share with important investment funds, who also want to participate in the added value that is being created throughout the country,” added Kyriakos Mitsotakis.

“The truth is that today we are making a very important investment, 2 billion euros, in the development of optical fiber, which we think will greatly improve the country’s prospects, but also much more, I would say, economic prosperity. and the social prosperity of our country,” said Nikos Stathopoulos, President of BC Partners Europe.

“From the first day we arrived in Greece, we made it clear that our investments are not only here and now. We strive for long-term relationships,” said United Group CEO Victoria Boklag. “We are pleased to announce that we will be investing an additional $2 billion over the next five years. Most of this investment will go towards building Nova’s state-of-the-art fiber optic infrastructure.”

“For us, this particular investment is a vote of confidence in Greece, as well as a vote of confidence in its technological capabilities,” said Minister of Public and Digital Governance Kyriakos Pierrakakis. “Schematically speaking, we are about 25th in the world for mobile communications and about 92nd for fixed-line. That’s why your investment is coming in today to pick up most of the backlog, and it’s terribly important that we can make this transition. This is another step towards the digitalization of the state and the economy and another part of the strategy developed by the Prime Minister,” continued Kyriakos Pierrakakis.

The meeting was also attended by the Government Deputy Prime Minister Yiannis Bratakos and the Head of the Prime Minister’s Economic Department Alexis Patelis. On behalf of Nova, CEO Panagiotis Georgiopoulos took part in the event.