Open Infra US Assets AB (publ) publishes interim financial report for Q1 2024.
On the 8[th] of February, 2024, Open Infra US Assets AB (publ) issued a bond of USD 50m. A condition precedent to release the cash was to finalize the execution of restructuring the American entities and to make the subsidiary Open Infra East Inc the designated company to hold all deployed fiber networks. In order to complete the restructuring, we needed a confirmation for the governing authorities to transfer the license to operate fiber networks in Texas to Open Infra East Inc. The confirmation was delivered on the 3[rd] of May and on the 13[th] of May the reorganization was executed.