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Broadband

Deutsche Telekom forms GlasfaserPlus venture with IFM Investors to expand rural FTTH

Friday 5 November 2021 | 10:47 CET | News
Deutsche Telekom said it has agreed to form the 50-50 joint venture GlasfaserPlus with Australian fund manager IFM Investors, which is owned by 23 pension funds. IFM is investing through the IFM Global Infrastructure Fund and will pay EUR 900 million for 50 percent of GlasfaserPlus, valuing the new company at EUR 1.8 billion. The initial payment from the co-investor enables Deutsche Telekom to finance part of its equity obligations in the venture.

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Categories: Fixed
Companies: Deutsche Telekom
Countries: Germany
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