Liberty Global Ventures, the investment arm of Liberty Global, and private equity firm InfraVia Capital Partners have established a new joint venture (JV) for the deployment of fibre-to-the-home (FTTH) networks in Germany. The 50:50 JV, which is subject to regulatory approval, will initially target a small number of underserved municipalities and if specifically defined success criteria are met during the first phase, then further investment opportunities will be opened up for the JV, known as Liberty Networks Germany. Liberty Global previously owned Unitymedia for over a decade, before selling the regional cableco to Vodafone in 2019, while independent private equity firm InfraVia specialises in infrastructure and technology investments.
‘Liberty Networks Germany offers an exciting opportunity to leverage our expertise in deploying critical broadband infrastructure in a market we know very well,’ commented Robert Dunn, Managing Director of Connectivity Investments at Liberty Global, adding: ‘We’re also excited by the attractive returns offered by greenfield fibre network deployment in a country where millions of homes don’t yet have access to fast and reliable broadband. We look forward to working in partnership with InfraVia as we take a controlled approach to the opportunity as we move forward.’