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Allianz invests EUR1bn in rollout of fibre network in Austria

29 Nov 2021

Allianz Capital Partners, on behalf of Allianz Insurance Companies and the Allianz European Infrastructure Fund, has entered into an agreement with Oesterreichische Glasfaser-Infrastrukturgesellschaft (oGIG) for the financing of the rollout of a fibre-to-the-home (FTTH) network in rural regions of Austria. Allianz will provide around EUR1 billion (USD1.1 billion) of equity for the deployment of fibre to connect up to one million households by 2030, thereby making oGIG one of the largest fibre network providers in Austria. oGIG is part of Allianz Group and has been operating as a telecoms infrastructure company in Austria since 2019. Allianz holds via oGIG jointly with the State of Lower Austria a stake of close to 75% in Niederosterreichische Glasfasergesellschaft (noeGIG).

Christoph Holzer, Co-Head of Infrastructure Munich at Allianz Capital Partners, said: ‘Digital infrastructure is part of the provision of essential services to the public. The EUR1 billion equity capital provided by Allianz which allow for a total investment volume of EUR2.5 billion will make a significant contribution to the digital future of many regions in Austria.’

Austria

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