Infrastructure funds have been active buyers of fiber lately, and EQT Infrastructure has been one of the hungriest. Earlier this week they struck again, this time over in Germany with the acquisition of inexio from Warburg Pincus.
inexio has been building out fiber in the German countryside since 2007, hooking up rural and suburban consumers and small businesses. Currently they bring bandwidth past 300K households and 6,000 businesses via 10,000km of fiber. Of those they have some 110K customers so far, and the company’s plans are to bring fiber to 2M homes over the next decade.
EQT certainly has the deep pockets to power that kind of buildout, and this purchase will cost them about €1B when it closes sometime in Q4. The fund currently also owns Segra, IP-Only, and GlobalConnect, and is part of the consortium buying Zayo.
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