abrdn has acquired a strategic stake in NGE Fibre alongside its concession infrastructure business.
NGE Fibre holds significant participation in two fiber-to-the-home (FTTH) networks deployed across rural areas in France’s Region Grand Est, representing some 1.4 million homes passed.
“We’re thrilled to announce this investment in NGE Fibre and a long-term partnership with NGE Concessions and TINC in France,” said Eloi Daniault, senior investment director, concession infrastructure, abrdn. “Following three significant investments made in the fiber sector in Spain since 2019 spanning 4 million homes passed, investing in NGE Fibre brings abrdn Concession Infrastructure to 5.4 million homes passed. This marks another major milestone in abrdn’s commitment to enabling local communities to get crucial access to reliable superfast broadband.”
Financial terms were not disclosed. However, the project was backed by ASEIP IV, abrdn Concession Infrastructure’