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.
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(END) Dow Jones Newswires
November 26, 2021 05:11 ET (10:11 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.