Intermediate Capital Group (ICG) has signed agreements to acquire a majority stake in TNG, a vertically integrated fiber-to-the-home (FTTH) platform headquartered in Kiel, Germany, through its infrastructure investment arm (ICG Infra).
The founders will remain as minority shareholders and continue in their current management positions, further driving the company’s future FTTH build-out with the support of ICG Infra. TNG is targeting to realize a significant FTTH build-out program in rural, semi-rural and urban areas aiming at connecting more than 200,000 private and business customers with fiber.
“We are excited to welcome ICG Infra as our new partner to accelerate TNG’s development in the German fiber market,” said Sven Willert, founder and CEO of TNG. “With the support of ICG Infra and their expertise, we will be able to scale up our company in order to satisfy the growing need for future-proof and reliable gigabit internet connections in Germany, which is
