Wholesale fixed network provider FiberCop has announced its purchase of two "strategic properties" in the Italian cities of Genoa and Padua.

The facilities, sold by the real estate investment firm Central Sicaf, will act as points of presence (PoP) between the Internet and FiberCop’s fiber-optic network. The Padua site, said FiberCop, is already part of its operational headquarters in the city, while the facility in Genoa is a connectivity hub for the wider Mediterranean. DCD has reached out to the firm for comment.

Genoa is located in northern Italy near Milan, while Padua is in the Veneto region near Venice. According to a report from Finance Community, the Genoa site is located in the Lagaccio neighborhood and spans 20,000 sqm (215,280 sq ft), while the Padua property is in the city's industrial area and spans 18,000 sqm (193,750 sq ft).

The purchase of both properties comes amid a major push by the firm to modernize the core assets within its network infrastructure, explained FiberCop’s chief corporate officer, Alberto Boffelli.

"Having these infrastructures directly at our disposal allows us to plan future investments more effectively and to continue to guarantee the quality and safety of the services we provide every day,” Boffelli continued. “At the same time, we have launched a plan to enhance our real estate assets with a view to efficiency and sustainability.”

The announcement follows news that FiberCop will axe 1,800 roles this year, equivalent to ten percent of its total workforce. Staff made redundant in the restructuring had “been identified primarily among areas not committed to achieving the company’s strategic objectives under the National Recovery and Resilience Plan (NRRP), particularly regarding deliveries to be made by the first half of 2026,” said Slc Cgil, a union representing those individuals at FiberCop impacted by the cuts.

The move came amid poor results for the company, which was forced to suspend dividend payments after losing 364,000 customers in H1 2025.

Founded in 2021 by the private equity company KKR, Fastweb, and Telecom Italia (TIM), FiberCop was created to facilitate ‘last mile’ connections between homes to street-level network cabinets.

Comprising 27 million km (16.7 million miles) of fiber optic cabling and 114.3 million km (70 million miles) of its copper equivalent, the firm’s ‘Fiber to the Home’ network connects approximately 40 percent of premises in Italy. Last year, the European Commission initiated a market impact probe into whether KKR’s €22 billion ($26.1bn) deal to buy the NetCo that owns FiberCop contained “incorrect or misleading information.” That was followed by a complaint to the EC by FiberCop in October alleging that the Italian government had illegally dispensed state aid to the firm’s rival, Open Fiber.

Central Sicaf operates real estate assets across Italy with a total value of around €1 billion ($1.2bn). According to its website, its properties are "almost entirely" leased to either Telecom Italia or FiberCop.

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