EQT buys German fiber optic network operator Inexio

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Fiber-optic expansion

By 2030, Inexio is targeting two million households.


(Photo: AP)

Berlin, Frankfurt The operator of fiber-optic networks Inexio goes to the Swedish infrastructure investor EQT. Both majority shareholder Warburg Pincus and Deutsche Beteiligungs-AG, which holds a minority interest, are withdrawing, as both companies announced on Saturday. According to a person familiar with the transaction, the value of the business is one billion euros. It should be completed in the fourth quarter.

Inexio claims to operate a more than 8,000 kilometer long fiber optic network. The company serves 110,000 customers and 6,000 companies with ultra-fast Internet. By 2030, Inexio is targeting two million households. Companies like Inexio or Deutsche Glasfaser want to benefit from network expansion.

(T) Warburg Pincus (t) 5g (t) Fiber Optic (t) Telecommunications (t) Mergers & Acquisitions M & A (t) Foreign Investment (n) Network Technology (t) Wiring (t) Structural policy (t) Foreign investment by country (t) Economic policy (t) German fiberglass (t) EWE

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