Deutsche Telekom is looking to form a joint venture in Austria to build up the fibre network, Handelsblatt reports. Both parties in the JV would contribute EUR 150 million each, the newspaper reported citing financial and corporate sources familiar with the plans. Including debt, the joint venture could be valued at around EUR 1 billion.
Telekom is preparing partnerships with investors in several EU countries in order to share the costs of the fibre-optic expansion and already has deals in place in Germany and the Netherlands.
