KPN Netherlands has recently shared its plans to expand its fibre networks by acquiring Primevest Capital Partners' fibre networks. The deal at the time of announcement was expected to be completed by the end of June 2023. Earlier this week, Primevest Capital Partners has confirmed the same by announcing the successful sale of its Dutch Fiber-to-the-Home (FTTH) portfolio to KPN.
Also Read: KPN Expands Fiber Footprint in Major Dutch Cities With Primevest Acquisition
Primevest Capital Partners is a pan-European investment management company specializing in the passive infrastructure of fibre-optic networks, and KPN is a leading telecommunications company in the Netherlands.
Primevest's Rollout of Fiber Networks in the Netherlands
In 2019, Primevest began investing in the rollout of fibre-optic networks in the Netherlands, partnering with T-Mobile and Volker Wessels Telecom. Their goal was to improve connectivity in urban areas of major Dutch cities and bridge the gap between urban and rural regions.
Over the last four years, Primevest has made significant investments in cities such as The Hague, Eindhoven, and Rotterdam, resulting in a portfolio of over 125,000 homes passed.
According to the statement, several market players expressed interest in acquiring the network, and among them, KPN stood out not only for the financial terms but also for its commitment to preserving and strengthening the existing relationship with T-Mobile as a user of the network.
Also Read: Open German Fiber Starts Fiber-Optic Network Rollout in Roesrath
Primevest's Future Plans in Communication Infrastructure
Although Primevest CP has sold its FTTH portfolio in the Netherlands, the company says it is still actively investing in other areas. It is currently working on its second communication infrastructure fund, PCIF II, and investing through its joint venture, Open German Fiber.
Primevest CP says its primary focus is on investing in Dutch business parks to support the digital infrastructure needs of commercial enterprises while also expanding its investment portfolio in Germany.
