MEAG, Ärzteversorgung Westfalen-Lippe (ÄVWL) and Primevest Capital Partners have partnered to deploy fiber-optic networks in Germany through a new joint venture company, Open German Fiber.
The joint venture, which will operate as a wholesale company, will deploy fiber-to-the-home (FTTH) networks in underserved areas across Germany. The company already has secured selected areas in Hessen and North Rhine-Westphalia, which will provide at least 150,000 homes with access to high-speed internet.
MEAG and ÄVWL will each hold 40 percent of the joint venture and Primevest will hold the remaining 20 percent. MEAG will invest on behalf of entities of Munich Re and MEAG European Infrastructure One, MEAG’s infrastructure equity fund for institutional investors. Primevest CP will serve as the asset manager and will coordinate investment plans to ensure that the infrastructure is built in accordance with the highest industry standards and tailored to operators’ needs.