PGGM has revealed plans to become a shareholder of Eurofiber, the largest independent provider of full fiber digital infrastructure dedicated to B2B customers in the Netherlands and Belgium.
In addition, Antin Infrastructure Partners, which acquired Eurofiber in May 2015, has also renewed its commitment in the company as the majority shareholder.
Since Antin’s acquisition, Eurofiber has invested close to €400 million ($465 million) in capital expenditures and added more than 19,000 kilometers (11,806 miles) of fiber optic cables and eight data centers to its network.
Recently, the firm entered the fiber-to-the-home segment through a partnership with Vattenfall in Berlin and the signing of an MOU with Proximus in Belgium.
Eurofiber’s network now spans more than 37,000 kilometers (22,990 miles) and connects more than 28,000 business customers.
The transaction is expected to close at the end of October.
