Crédit Industriel et Commercial (CIC) has participated as MLA and hedging bank in the nearly one billion euros’ operation aiming at refinancing existing debts at the level of the portfolio networks and allowing their future development.
As of the closing date of the financing, the platform consolidates 16 FttH networks representing over 2 million plugs to be deployed in rural areas of the French metropolitan territory ("PIN zones"). Amounting to over 60%, the commercialization rate observed on these still-deploying networks illustrates the strong dynamics of the fiber optic sector in France.
This project will play a major role in reducing the digital divide in rural areas, thus fully aligning with the Crédit Mutuel Alliance Fédérale group's strategy of financing infrastructure projects contributing to the territorial development.