Mila

What Mila does

Míla hf. is an Icelandic wholesale telecommunications infrastructure company headquartered in Reykjavík, founded in 2007 and operating as a public limited company under Icelandic law. It builds, maintains, and operates a nationwide fiber optic network covering all regions of Iceland, including the capital area, regional towns, and remote communities such as the Westfjords and Westmannaeyjar. The company also operates mobile tower infrastructure supporting 5G networks for its telecom partners.

The company's core product is the 10x Platform (10x vettvangurinn), a next-generation fiber access platform offering symmetric speeds of 2.5, 5, 8.6, and 10 Gbps, with Míla being the first Icelandic provider to deliver 10 Gbps residential service. Underlying technology includes 10 gigabit passive optical network (PON), DWDM on backbone routes, and standardized open in-building fiber infrastructure compliant with ÍST 151:2016. Complementary services include the "Allt í einu" (All-in-One) field installation offering, data center hosting, fiber line rentals, and infrastructure services such as splicing and cable location drawings.

Míla operates exclusively as a wholesale provider, selling network access and infrastructure services exclusively to 11 licensed Icelandic telecommunications companies (Hringdu, Nova, Síman, Vodafone/Sýn, Tölvun, iCall, Origo, Snerpa, KV, Hringiðan, OK), who resell to households, businesses, and institutions. Revenue is derived from recurring connection fees, equipment rentals, data center housing charges, and wavelength/fiber line services. End customers access Míla's infrastructure through these third-party telecom providers rather than directly. Strategic partnerships with Farice (international connectivity) and AtNorth (data center) extend the company's reach beyond residential broadband into international and enterprise wholesale segments.

Name

Mila

Legal name

Míla hf.

Website

https://mila.is

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Míla hf. is Iceland's sole nationwide wholesale fiber optic and mobile tower infrastructure provider, selling network access exclusively to 11 licensed telecom companies that resell broadband, voice, and mobile services to Icelandic households, businesses, and institutions.

Ownership category

akta.pro rank

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Wholesale Telecommunications Services: Míla sells network access and infrastructure services exclusively to licensed telecommunications companies (fjarskiptafélög) on a wholesale basis. Service providers resell access to households, businesses, and institutions. Revenue is derived from connection fees, rental charges for fiber termination equipment, housing in data centers, and wavelength/fiber line services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Míla builds, maintains, and operates Iceland's national fiber optic and mobile telecommunications infrastructure, selling wholesale network access exclusively to licensed Icelandic telecom operators (fjarskiptafélög). Its flagship offering is the 10x Platform — a 10 Gbps symmetric fiber-to-the-premises service with tiered speeds of 2.5, 5, 8.6, and 10 Gbps — supplemented by hosting, fiber line, mobile tower, and field installation services. End customers (households, businesses, institutions) access Míla's infrastructure indirectly through retail telecom providers.

Product overview

Míla is an Icelandic telecommunications infrastructure wholesale provider operating a unified portfolio centered on fiber optic network infrastructure and mobile network services. The core offering is the 10x Platform (10x vettvangurinn), a fiber optic platform offering symmetric speeds up to 10 gigabits per second, supported by the Allt í einu (All-in-One) installation service. The company provides end-to-end telecommunications solutions including fiber connections for households and businesses (Fjarskiptalausnir), data center hosting (Hýsing), fiber lines (Ljóslína), and mobile 5G network infrastructure. Service offerings include ordering fiber connections, drawings, and splicing. Míla functions as a wholesaler, providing infrastructure and services to telecommunications companies who then serve end customers.

Differentiator

Problem solved

Functional benefit

Brands

• 10x: Future platform offering 2.5 to 10 gigabit per second symmetric fiber optic connections for households, businesses, and institutions.

Products and services

• 10x Platform (10x vettvangurinn) Wholesale fiber optic platform delivering symmetric 2.5, 5, 8.6, and 10 Gbps speeds, enabling licensed Icelandic telecom operators to offer up to 10 Gbps residential and business services; first such offering in Iceland.
• Allt í einu (All-in-One) Field Installation Single-visit onsite installation service for 10x customers covering fiber termination, 10G-capable internal cabling, router setup, Wi-Fi provisioning, and device connection.
• Ljósleiðari (Fiber Optic for Households) Wholesale fiber optic access product sold to licensed telecom operators, providing fast, reliable fiber connectivity to Icelandic households as the foundation for 10x and other retail broadband tiers.
• Fjarskiptalausnir (Telecommunications Solutions) Comprehensive wholesale telecommunications solutions portfolio for licensed telecom operators, including household fiber, business connectivity, and infrastructure services.
• Lausnir fyrir atvinnulífið (Business Solutions) Telecommunications solutions designed for business and institutional buyers, including leased lines, data center connectivity, and high-capacity enterprise services delivered via the wholesale network.
• Húsing (Hosting) Data center hosting services for telecom operators, including UPS 230V power infrastructure at Múlastöð and other Icelandic locations, billed monthly per unit.
• Ljóslína (Fiber Line) Indoor fiber line services within equipment rooms, providing dedicated connectivity within data centers and telecom facilities, billed monthly per line.
• 5G Farsímanet (Mobile Network Infrastructure) Mobile base station and 5G tower infrastructure operated on a wholesale basis for mobile operators such as Síminn and Hringdu, supporting 5G coverage across Iceland.
• Panta heimtaug (Order Fiber Connection) Order intake service for new fiber home connections in construction projects, serving building contractors, public entities, and infrastructure developers.
• Panta sóningu (Order Fiber Splicing) Orderable fiber optic splicing service that physically joins fiber cables, ordered via mila.is by telecom operators and infrastructure partners.
• Panta teikningar (Order Infrastructure Drawings) Orderable service that supplies infrastructure drawings showing telecom cable locations prior to excavation, sold to contractors and developers to prevent infrastructure damage.

Quantifiable outcome

• 10 Gbps symmetric broadband available for residential customers — first in Iceland
• +4 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• FaricecoreStrategic or Co-development PartnerMíla collaborated with Farice to establish a new international connectivity point (tengipunktur) in Akureyri. This creates direct international network routes without routing all traffic through the southwest of Iceland, strengthening national digital security and resilience.
• AtNorthcoreStrategic or Co-development PartnerMíla supported AtNorth's data center expansion in Akureyri by providing diverse fiber connectivity, triple-redundant backup routes, and geographically separated paths both within the town and across the country. This infrastructure enables AtNorth to offer high-availability digital services.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lyse (Altibox): Norwegian energy and telecom group operating Altibox, an open-access wholesale fiber network serving multiple retail ISPs across Norway. Closely comparable to Míla in operating neutral fiber infrastructure wholesale to retail telecom providers.
• CityFibre: UK-based wholesale full-fiber infrastructure provider offering open-access FTTH to multiple ISPs and retailers. Closest analogue to Míla in pure-play wholesale FTTH business model and open-access regulatory framework.
• Deutsche Glasfaser: German wholesale FTTH provider building open-access fiber networks sold on a wholesale basis to retail telecom operators. Directly comparable to Míla's wholesale open-access model in a European market.
• Open Dutch Fiber: Dutch wholesale fiber network operator deploying open-access FTTH in the Netherlands, providing infrastructure to retail ISPs. Comparable wholesale-only business model focused on national fiber coverage.
• GlobalConnect: Nordic wholesale fiber and carrier services provider offering dark fiber, wavelengths, and wholesale capacity across Scandinavia. Comparable wholesale fiber infrastructure model with overlapping Nordic geographic exposure.
• euNetworks: European wholesale fiber infrastructure provider offering wavelengths, dark fiber, and data center connectivity across Western Europe. Comparable wholesale-only model focused on fiber infrastructure services to carriers and enterprises.
• Farice: Icelandic operator of submarine telecommunications cables (FARICE-1, DANICE) providing international connectivity. Both a strategic partner to Míla (Akureyri international connection point) and adjacent infrastructure operator serving the same Icelandic market.

Broad incumbents

• Zayo Group: Large North American and European wholesale fiber infrastructure provider offering wavelengths, dark fiber, and managed services. Overlaps with Míla's wholesale fiber services but operates at much larger scale and broader geographic footprint.
• Telia Company: Major Nordic telecom incumbent operating integrated retail and wholesale services across the Nordics and Baltics. Comparable Nordic telecom end-market exposure, but integrated business model contrasts with Míla's pure wholesale focus.

Regional players

• Cinia: Finnish operator of the C-Lion1 submarine cable and Finnish national fiber infrastructure. Relevant for Nordic backbone and international connectivity, though operating primarily in Finland rather than Iceland.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/LivefromIceland

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mila