The Primevest Communication Infrastructure Fund (PCIF), managed by Dutch-German smart city investment manager Primevest Capital Partners, has acquired its second fiber-to-the-curb (FttC) supply contract in the Wetterau region of Hessen, Germany.
The deal follows on the heels of a previous FttC investment in Leichlingen in August and brings the fund’s total investment volume to more than €80 million ($94 million).
Under the agreement, PCIF will finance upgrades to the FttC telecommunications network in Wetterau in partnership with high-speed internet provider Yplay Germany. The fund also will finance the replacement of the existing copper cables with optical fiber for the communities in and around Wetterau, upgrading this to a full fibre-to-the-home (FttH) network.
The fund has a target investment volume of €600 million ($707 million) and is open to new institutional investors until the second quarter of 2021. It invests in passive communication infrastruct
