Investor Relations - 21.01.2022

Signing of MoU for the financing of the development of a Fiber To The Home Network

Athens, January  21, 2022

Announcement – Regulated information

Public Power Corporation S.A. announces the signing of an MoU with Alpha Bank S.A and Piraeus Bank S.A. for the financing of the construction and operation of a Fiber To The Home (FTTH) Network in selected areas of Greece.

The agreement includes the issuance of a long term bond loan amounting up to € 530 m. under the form of project financing by the 100% special purpose vehicle to be established by PPC and which will undertake the construction, operation, exploitation and maintenance of the fiber optics network to be established.

PPC will proceed to a new announcement after the signing of the contracts which will take place after the finalization of the financing terms following the ongoing due diligence.

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