1&1 Versatel Acquires Fiber Assets of BT in Germany

The 1&1 fiber optic network continues to expand strategically with the acquisition of the four city networks in Munich, Frankfurt, Dusseldorf, and Stuttgart. This deal with BT will further expand Versatel's fiber Network reach.

Highlights

  • BT to sell its German fiber assets to 1&1 Versatel.
  • The deal is a sale and leaseback agreement, with BT retaining access to the offloaded networks.
  • The deal will further expand Versatel's network in Germany.

Follow Us

1&1 Versatel Acquires BT German Fiber Assets

1&1 Versatel, one of the leading German telecommunications providers for business customers, has entered into an agreement to acquire BT's four fiber optic city networks in Germany. The deal includes BT's city networks in Munich, Frankfurt, Dusseldorf and Stuttgart, totalling a length of 1,590 km.




1&1 Expansion

The 1&1 fiber optic network continues to expand strategically with the acquisition of the four city networks in Munich, Frankfurt, Dusseldorf, and Stuttgart. As many companies in more than 300 German cities already benefit from the services, this deal will further expand Versatel's fiber Network reach.

Although the deal is a sale and leaseback agreement with BT keeping access to the offloaded networks, the financial details of the transaction have not been disclosed.

Also ReadNokia and O2 Telefonica Germany Achieve Breakthrough 5G Uplink Speeds

"The investment in the four city networks is another step on the way to becoming the leading provider of fiber optics for companies," says Dr. Soren Trebst, CEO of 1&1 Versatel, about the acquisition.

As part of its focus on providing global network, cloud, and security solutions for multinational companies and international organizations, BT is selling the four city networks. BT has a strong nationwide presence in Germany, and despite the sale, it will continue to use the infrastructure to provide communication services to its business customers in the country.

1&1 Versatel said the acquisition would be finalized when all closing conditions are met, including the transfer of the networks.

Also Read: 1&1 Launches 5G FWA Home Broadband Service

Fiber optic expansion in Krefeld

Earlier this month, 1&1 Versatel has also started its fiber optic expansion in Krefeld. The telecommunications provider, which focuses on business customers, is now providing high-speed internet access to over 100 companies in Krefeld through direct fiber optic connections. 1&1 Versatel connects the area around Magdeburg Street with its Gigabit network.

1&1 Versatel Partners with Vattenfall Eurofiber

Both companies partnered to support their vision of gigabit strategy for the state of Berlin. As part of the partnership, 1&1 Versatel is expanding its existing gigabit network in Berlin and will also be able to provide its customers with innovative products and services via Vattenfall Eurofiber's infrastructure in the future.

Also ReadOpen Fiber Tests 50G-PON Technology

Intending to connect 500,000 households and companies to a high-performance fiber optic network by 2026, Vattenfall Eurofiber aims to make the network available to other telecommunications service providers through open access without discrimination.

Reported By

Aparna, from a journalism background, closely follows the developments in the telecom Industry.

Recent Comments

PARAG SHAH :

vodafone should not raise rates , as they onlyhave 4g.

Vodafone Idea Brings New Rs 19 Plan

Santosh Kumar Pal WB :

It's only good for Jio and Airtel users for their 5g smartphone but most people are 4g smartphone users in…

Jio Leads Wireline Subscriber Addition in February 2024: TRAI

Santosh Kumar Pal WB :

Jio and Airtel both lead in lndian telecom sector because of their expansion of FTTH broadband connection. Vi lost their…

Is Fixed Broadband the Next Big Opportunity for Telcos

Santosh Kumar Pal WB :

BSNL should join in this race with the partnership with lSRO. But l very curious whether Elon musk starlink will…

Indian Govt Not in Hurry to Allocate Spectrum for Satcom:…

Santosh Kumar Pal WB :

All lndian cable tv operators need DOCSlS 4.0 technology for their good quality broadband connection.

Rogers Partners With CableLabs to Advance 5G and 10G Network…

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments