UBS Asset Management Real Estate & Private Markets (REPM) has acquired a 100 percent equity stake in Lünecom, a German independent fiber-optic infrastructure operator.
Lünecom offers super-fast internet via fiber to the home, as well as IP telephony and IPTV. It has a high market share in its existing coverage area, as well as a large, contracted user base supporting cash generation.
UBS-AM’s investment will provide financing to support future capex deployment to deliver on services to a pipeline of up to 100,000 homes, with the potential to expand to an additional 50,000 homes in target areas across northern Germany.
“Combining UBS-AM and Lünecom’s respective strengths will facilitate the delivery of high-quality, high-speed fiber optics and respond to the needs of local citizens and companies for faster internet, modern IT technology and more sustainable solutions for the future,” said Norbert Hill, founder and CEO of Lünecom. “This transacti