Vodafone selects Altice for open access fiber joint venture (instead of KKR, Brookfield or Deutsche Glasfaser/EQT).
- Vodafone DE to establish 50/50 JV FibreCo 23H1 with Altice
- To develop 7m FTTH lines (o/w 80% to housing ass in existing HFC footprint, 20% to neighbouring homes outside current footprint) in 6 yr
- Total investment EUR 7b o/w 70% debt financed
- Currently offering 1 Gb/s to >24m homes (incl wholesale on Telekom, ...); to complement node splitiing, Docsis 3.1 (high splitting, max 3 Gb/s), Docsis 4.0
- Open for wholesale (Vodafone DE anchor tenant without minimum revenue or volume commitment)
- Construction & maintenance by Geodesia (= Altice)
- Vodafone DE to receive max EUR 1.2b cash (o/w 120m upfront at closing JV, 487m deferred during roll-out, earn-out max 595m)
Current JV's in Germany:
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