eir concludes sale of 49.99% stake in network business to InfraVia

5 Jul 2022

Irish telco eir concluded the previously agreed sale of a 49.99% stake in its Fibre Networks Ireland subsidiary to InfraVia Capital Partners on 30 June 2022. The transaction was first announced on 28 January and carried out via the private equity firm’s InfraVia European Fund V. In connection with this investment, Fibre Networks Ireland has obtained EUR765 million (USD798.1 million) in dedicated financing, at improved terms to eir’s current debt. Upon completion, eir says that its fibre-to-the-home (FTTH) network will serve 84% of homes and businesses in the country.

Ireland, eir, InfraVia Capital Partners