Frankfurt The fiber optic provider Giganetz has won the infrastructure investor DWS as a donor. With the help of the Deutsche Bank fund subsidiary, the company wants to accelerate the connection of households in rural areas to the fiber optic network. The companies announced this on Friday.
First of all, DWS wants to invest a mid-three-digit million amount. Giganetz CEO Jan Budden told Handelsblatt: “The investment commitments allow us to grow beyond our original business plan.“
Last year, Giganetz had set itself the goal of investing three billion euros in fiber optic expansion within five years and thereby supplying 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.
Usually, telecommunications companies finance one third of the expenses for telephone infrastructure from equity, the rest with borrowed capital. So far, Infrared is the largest investor of Giganetz. However, he has only invested a smaller sum, since the funds are called up analogously to the construction progress. However, Infrared wants to increase the sum even more.