EBRD-backed United Group plans €600m investment in Western Balkans

Region:

Europe

The European Bank for Reconstruction and Development-backed United Group will invest over €600 million in south-eastern Europe over the next five years. The private multi-play telecoms and media provider will use the money to increase investment in local infrastructure, creating jobs and unlocking business opportunities.

The EBRD invests about €1 billion of new projects each year in south-eastern Europe. United Group has led the development of the region's digital infrastructure and increased connectivity across the region by laying over 15,000km of fibre-optic cable and reaching 1.77 million homes and supporting 50,000 businesses.

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