Frankfurt, Düsseldorf According to financial circles, Deutsche Telekom is about to conclude a deal to finance the fiber optic connection for four million households in rural areas in Germany. The group is planning a joint venture with an external investor who wants to invest around six billion euros in the new connections by 2028, as several people familiar with the matter said.
According to financial circles, interested parties included infrastructure investors such as Brookfield, CDPQ and IFM, who can hope for a return of around eight percent (IRR). However, it is still unclear which bidder won the race. The company should start with around one billion euros in equity, of which Telekom and the investor should each provide half. The supervisory board is due to hold a meeting next week to discuss the issue.
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