The first financial investment of € 3 million as part of a € 12 million national fiber optic deployment program to bridge the digital divide in Ukraine has been spent.
The investment is part of it The € 12 million optical network expansion program, which began last year provide connectivity of up to 300 places in different Ukrainian regions. The scheme highlights the potential of international partnerships to provide better financial conditions than these commercial banks can normally offer. The financial partnership with banks offers long-term capital on the international market and is part of the banks’ efforts to enable Slovenian companies to expand their operations to markets outside the European Union (EU) under competitive conditions.
The optical network expansion program addresses both rural and urban areas in the country. It uses modern certified telecommunications equipment, which is assembled in Slovenia in Iskratel’s production centers, which enables customers to access Internet speeds of up to 1 Gbps, IPTV and other IP services.
In 2021, Ukrtelecom set up more than 13,600 km of new optical networks and expanded its GPON infrastructure in 1,200 towns and villages. Modernized networks have unleashed the full potential of digital services in the public and private sectors.