Primevest infrastructure fund enters German fibre market

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The Primevest Communication Infrastructure Fund (PCIF) has acquired the fibre to the curb (FTTC) network in the municipality of Leichlingen, North Germany. 

The investment by the funding organisation is designed to aid the deployment of high speed optical connections in the region. PCIF invests in telecommuncations infrastructure, which it leases to multiple operating partners, including Vodafone in Germany and T-Mobile in the Netherlands. This investment will also allow the last mile of existing copper cables to be replaced with modern optical fibre. It also brings the fund’s total investments to €75m, with a further €50m committed to invest in new projects.

The new FTTH links will be built by German Fiber Solutions (GFS) and leased to PCIF telecom operating partners, including Novanetz and NetCologne. The first customers in the Witzhelden district already have a FTTH connection and new areas are under development, including Wolfstall, Herscheid, Orth and Krähwinkel. The next phase will include Kuhle, Bern and Hölverscheid, which will follow before the end of the year, before moving on to the inner city areas of Leichlingen.

Klaus Leckelt, project manager at Primevest Capital Partners, said: ‘Germany is Europe’s economic powerhouse, but it lags behind other major economies in the provision of critical communications infrastructure that is required to underpin the growing demand for online commerce, home working and information access. Forward-thinking municipalities such as Leichlingen realise that they have to plug these gaps in their utility, or Stadtwerke, services and become technology-led “Smart Cities” to preserve the prosperity of the local economy for businesses and residents.’

Frank Steffes, Mayor of Leichlingen, added: ‘This agreement creates a solid base for Leichlingen’s internet broadband coverage. By selling the existing network, we are facilitating the expansion of future-proof broadband connections without burdening the city’s own financial resources. This deal makes us one of the pioneers in the delivery of the latest generation of fibre-optic cables in North Rhine-Westphalia.’

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