EUR 80 million refinancing for Bucharest underground telecommunications network operator Netcity

24 July 2026 Meridiam and its partners have successfully closed the EUR 80 million refinancing of Netcity Telecom, the operator of Bucharest's underground telecommunications network, the company announced. According to the company, the refinancing operation, led end-to-end by Meridiam, represents the first project finance bond issuance in the country, and establishes a new market record with tenors of up to 26.5 years, surpassing Meridiam's previous 18-year market benchmark achieved in 2022. The operation also provides flexibility to support a future expansion of the Netcity Telecom network and new digital infrastructure developments across Bucharest, Meridiam said. Netcity Telecom has been operating the underground telecommunications network in Bucharest since 2008, in a 49-year concessio