German broadband specialist Deutsche Glasfaser is changing hands: Swedish financial investor EQT together with Canadian pension fund Omers is taking over the group from financial investors KKR and Reggeborgh, the companies announced on Monday. They did not name a purchase price. EQT intends to merge the Borken-based company with the Saarland-based provider Inexio. The competition authorities have yet to approve the plan.
"With the medium-term goal of more than 6 million fiber-optic connections for the new group of companies, we have set ourselves a very high target for expansion," said Deutsche Glasfaser CEO Uwe Nickl. He added that in the coming years around 7 billion euros are to be invested in fiber optic expansion. The company intends to enter into further cooperation agreements in addition to its partnerships with Deutsche Telekom and Vodafone.
Deutsche Glasfaser is a specialist in fiber-optic connections to the home. Network providers often advertise connections as fiber-optic-based, which then only go to the last distribution box and after that are continued via conventional copper or television cable.
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