The Primevest Communication Infrastructure Fund (PCIF) has acquired the fiber-to-the-curb (FttC) network in Leichlingen, Germany, to deploy high-speed optical connections
This is the first such deal with a municipality in Germany for Primevest Capital Partners, which manages PCIF and enables “smart city” investments in markets across Europe.
PCIF invests in critical telecommunications infrastructure, which it leases to multiple operating partners, including Vodafone in Germany and T-Mobile in the Netherlands. The fund has committed to further invest in upgrading Leichlingen to a full fiber-to-the-home (FttH) network, replacing the last mile of existing copper cables with optical fiber to bring the fiber to the home upon sufficient consumer’s demand.
PCIF’s total investments have risen to €75 million ($88 million), after the inclusion of the Leichlingen agreement, and the fund has a further €50 million ($58 million) in outstanding commitments to inves
