Munich/Münster/Berlin 3 November 2022 – MEAG, Ärzteversorgung Westfalen-Lippe (ÄVWL) and Primevest Capital Partners (Primevest CP), have reached agreement on creating the joint venture Open German Fiber to deploy Fiber-to-the-Home (FTTH) in Germany. During its formation, the company already secured selected areas in Hessen and North Rhine-Westphalia.
In the joint venture’s targeted structure, MEAG and ÄVWL will each hold 40% and Primevest CP 20%. MEAG will invest on behalf of entities of Munich Re and MEAG European Infrastructure One, MEAG’s infrastructure equity fund for institutional investors.
The joint venture will operate as a wholesale company and, together with anchor internet service providers (ISPs), it is set to deploy local fiber-optic networks in underserved areas across Germany. Primevest CP has been appointed as the asset manager and will coordinate investment plans to ensure that the infrastructure is built in accordance with the highest industry standards and tailored to operators’ needs.
You can now read the full whitepaper at the link below