Giganetz wins DWS as investor for fiber optic expansion

Frankfurt The fiber optic provider Giganetz has won the infrastructure investor DWS as a financier. With the help of the Deutsche Bank fund subsidiary, the company wants to speed up the connection of households in rural areas to the fiber optic network. The companies announced this on Friday.

Initially, DWS wants to invest a mid three-digit million amount. Giganet boss Jan Budden told Handelsblatt: “The investment commitments enable us to grow beyond our original business plan.”

Last year, Giganetz set the goal of investing three billion euros in fiber optic expansion within five years, thereby providing one million households with a so-called fiber-to-the-home (FTTH) connection. Giganetz has selected Thuringia and North Rhine-Westphalia as the next federal states.

Telecommunications companies typically fund a third of telephone infrastructure expenditures from equity and the remainder from debt. So far, Infrared is Giganet’s largest investor. However, he has only invested a smaller sum, since the funds are accessed in line with the progress of construction. Infrared wants to increase the amount.