A new wholesale operator is being formed with the objective of deploying local fibre-optic networks in underserved areas across Germany, with ISP’s novanetz and YplaY responsible for marketing the fibre-optic network to customers.
The initial aim is to give access to full fibre to at least 150,000 homes in Hessen and North Rhine-Westphalia.
Open German Fiber is a join venture between MEAG – the asset manager of insurers Munich Re and ERGO – pension fund Arzteversorgung Westfalen-Lippe (AVWL) and investment firm Primevest Capital Partners.
This is the first investment for MEAG’s new infrastructure equity fund MEAG European Infrastructure One. The head of infrastructure equity at MEAG, Dominik Damaschke, said “We see a huge market potential for the FTTH market in Germany. Despite its position as Europe’s largest economy, Germany significantly lags behind in FTTH coverage.
Markus Altenhoff, CIO at ÄVWL said they were “proud to be able to support the nationwide expansion of the fibre-optics network in Germany.”
The most recent data from the FTTH Council Europe, their Fiber to the Home / Building (FTTH/B) Global Ranking published in May 2022, shows that seven European countries have passed the 50% penetration rate mark (Iceland, Spain, Sweden, Portugal, Norway, Romania, Latvia). Germany lags far behind with 6.3% penetration – marginally above the UK on 5.9% (although the UK has more FTTH subscribers).
To keep up with the latest on Germany’s broadband progress join Total Telecom in Mainz on the 6 – 7 December 2022 for Connected Germany
The post New JV Open German Fiber seeks to boost FTTH coverage first appeared on Total Telecom.