KKR, DTCP launch Netherlands wholesale open fibre venture; T-Mobile signs as anchor tenant

7 Apr 2021

Global investment firm KKR and Deutsche Telekom Capital Partners (DTCP) have announced the launch of Open Dutch Fiber, which aims to deploy a wholesale open access fibre-to-the-home (FTTH) broadband network covering at least one million households in the Netherlands by 2025, focusing on urban and higher population density areas. The venture has secured a strategic deal with T-Mobile Netherlands, which will be the anchor tenant on the new network under a 20-year agreement.

Open Dutch Fiber will launch as an independent wholesale platform majority owned by KKR with DTCP as minority shareholder, deploying open architecture FTTH connections for residential and business premises. Wholesale fibre services will be available to all Dutch operators, with rollout to begin in Q2 2021 with a fully-funded commitment for an envisaged capital expenditure of approximately EUR700 million (USD828 million) and construction agreements already in place.

Open Dutch Fiber will be led by the former co-CEOs of Germany’s Deutsche Glasfaser, Jordi Nieuwenhuis (also a co-founder of Reggefiber in the Netherlands) and Uwe Nickl.

KKR will invest through its Global Infrastructure Investors Funds, currently managing over USD27 billion in infrastructure assets, with recent investments including Deutsche Glasfaser, Hyperoptic in the UK and FiberCop in Italy.

DTCP is an autonomous investment management group, majority owned by its management team and backed by Deutsche Telekom.