APG invests USD 500 mln in FTTH venture with US operator SiFi Networks

Thursday 16 September 2021 | 09:19 CET | News
Dutch pensions manager APG Group is starting a new joint venture in the US to support the roll-out of FTTH networks. Expanding its existing support for SiFi Networks, APG is acquiring a 16.7 percent direct stake in the company and committing USD 500 million equity to the joint venture with SiFi. APG said the venture will contribute to bridging the digital divide in the US, where over one-third of households do not have access to high-speed internet, by offering fibre connections to underserved communities.

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Categories: Fixed
Companies: SiFi Networks
Countries: United States
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