Inexio and Deutsche Glasfaser coming up for sale - report

News Broadband Germany 2 AUG 2019
Inexio and Deutsche Glasfaser coming up for sale - report
German regional operator Inexio and Deutsche Glasfaser are coming up for sale, Reuters reports citing sources.  

Inexio could be worth more than EUR 1 billion in any potential transaction. It is majority-owned (59%) by private equity firm Warburg Pincus. 

Deutsche Glasfaser could be worth between EUR 1.5 and EUR 2 billion. The firm, which was set up in 2011 by Dutch investor Reggeborgh and is now majority-owned by KKR, could start the sale in late 2019 or early 2020. 

Potential buyers may be infrastructure investors such as EQT, Macquarie, Allianz, Global Infrastructure Partners, DWS, Antin and Infravia as well as telecoms groups such as United Internet, the report added.  

Rothschild and Evercore are advising Inexio on the sale, while Morgan Stanley is advising Deutsche Glasfaser, the report added. The companies and their advisers declined to comment or were not immediately available to comment.

Categories:

Fixed

Companies:

Inexio,  Deutsche Glasfaser

Countries:

Germany

Tags:

Voice services, Fibre, Internet Access, M&A buyouts & divestments

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