German insurance company Talanx Group has agreed to invest €200 million ($216 million) in a fiber-optic project in France. The company is investing in debt financing through the acquisition of seven-year bonds.
The company Investissement dans la Fibre des Territoires (IFT), owned by French telecom service provider Iliad and infrastructure fund InfraVia Capital, will lead the project. Upon completion, the project is expected to supply 6 million French households with fiber-optic internet.
This marks Talanx’s second infrastructure project this year, following the €321 million ($346 million) acquisition of a stake in Germany’s biggest offshore wind farm. The latest investment brings Talanx’s total investments in infrastructure to €3 billion ($3.2 billion).
“The conditions are right,” said Peter Brodehser, head of infrastructure investments at Talanx. “The risk-return ratio is attractive, and we have reliable partners on board.”
Brodehser
