Joint venture to provide German FTTH opportunities
Liberty Global’s investment arm, Liberty Global Ventures is partnering with private equity firm, InfraVia Capital Partners.
The collaboration has resulted in a new joint venture, Liberty Networks Germany, which is designed to assess the opportunities available when it comes to building FTTH greenfield networks.
The 50:50 venture which is currently subject to regulatory approval, will take a modular approach. The first phase will target a small number of municipalities in Germany. If specifically defined success criteria are met, further investment opportunities could be opened up for the joint venture.
Robert Dunn, managing director, connectivity investments at Liberty Global, commented: ‘We’re excited by the attractive returns offered by greenfield fibre network deployment in a country where millions of homes don’t yet have access to fast and reliable broadband. We look forward to working in partnership with InfraVia as we take a controlled approach to the opportunity as we move forward.’
Bruno Candès, partner, InfraVia Capital Partners, added: ‘We are excited to be working with Liberty Global to explore this opportunity in Germany, seizing on the ever-increasing data usage and the acceleration of work from home patterns. We look forward to leveraging the investment capacity of our fifth infrastructure fund and our leading expertise in digital infrastructure investments during this project.’