EQT invests heavily in Swedish fibre capacity

Wednesday 9 July 2014 | 12:35 CET | News
Swedish private equity fund EQT Partners, which is partly owned by the Wallenberg dynasty, is investing heavily in fibre optics, Bloomberg Businessweek reported. It said soaring demand for faster internet has sparked a race for fibre capacity, with EQT challenging broadband market leader TeliaSonera. Businessweek said EQT has about EUR 7 billion in available funds and has spent recent months acquiring fibre assets to consolidate the country's more than 200 local networks, just as more Swedes start using streaming services such as Netflix.

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Categories: Fixed
Countries: Benelux / Germany / Norway / Sweden
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