ruhrfibre insolvency marks latest sign of German altnet financial struggles
German altnet and sister business metrofibre file for insolvency, marking latest signs of financial distress in the German fibre market. Decision comes as other altnets explore solutions to get onto a firmer financial footing, as investors warn of incoming wave of refinancing deals…
This article includes:
- Organisations: 1&1; 3i Infrastructure; Amtsgericht Düsseldorf; Altice; City of Essen; CVC DIF; Deutsche GigaNetz; Deutsche Glasfaser; Deutsche Telekom; DNS:NET; e.discom Telekommunikation; EQT; Eurofiber Netz; EWE; Fibre Council Europe; Glasfaser Nordwest; ING Wholesale Banking; Macquarie; metrofibre; Neue Ruhr/Neue Rhein Zeitung; Omers; OXG Glasfaser; ruhrfibre; Tele Columbus; Vodafone Germany; Vodafone Group; WEMACOM Telekommunikation.
- Geographies: Austria; Europe; Germany.
- People: Jeroen Kleinjan; Philipp Niederbichler; Sven Müller.
- Themes: Alternative financing structures; altnets; bankruptcy proceedings; borrowing costs; broadband; broadband market slowdown; copper switch-off; debt facility; debt financing; financial constraints; financial distress; financial footing; fibre; fibre broadband; fibre build-out; fibre coverage; fibre market; fibre network; fibre operator debt; fibre rollout; financing deals; FTTH; investment groups; multi-dwelling unit bottlenecks; network planning; network rollout; open access; premises passed; refinancing; service provision; take-up; Telecommunications Act; telecoms.
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