• The breadth of Germany’s broadband infrastructure market continued to narrow following the acquisition of fibre-to-the-home (FTTH) player Inexio by EQT Infrastructure.

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German broadband infrastructure market narrows as EQT Infrastructure acquires Inexio

Source: Daniel von Appen / Unsplash

Sweden-based EQT Infrastructure, part of international investment player EQT, signed off on the deal with Inexio’s minority investors and private equity house Warburg Pincus, which was reported to be looking for an Inexio exit in July 2019 (Deutsche Telekomwatch, #86). The transaction is pending regulatory approval but is expected to close by 31 December 2019.

EQT was separately linked with a move for Deutsche Glasfaser, another relatively small FTTH player, which private equity owner Kohlberg Kravis Roberts has been hoping to exit. Vodafone Germany was also reported to have its eyes on Deutsche Glasfaser, which it partners, only a few months after securing its acquisition of cableco Unitymedia from Liberty Global (Deutsche Telekomwatch, #85 and passim). Deutsche Telekom vehemently opposed that buyout.