Liberty Networks Germany, a joint venture (JV) between Liberty Global Ventures, the investment arm of Liberty Global and InfraVia Capital Partners, has started construction on a brand new full-fibre network in Germany.
The JV is building the network in underserved areas of Germany and will connect its first customers to the new ‘helloFiber’ branded state-of-the-art fiber optic network before the end of the year.
The JV is focused on providing full-fibre networks to homes, concentrating in rural areas that don’t currently have fibre broadband services. It is also in active discussions with other underserved municipalities and recently appointed Dr. Christian Böing as CEO.
Dr. Böing comments: “This ground-breaking ceremony marks the first step in Liberty Networks Germany mission to roll out powerful full-fibre broadband in underserved regions of the country. We look forward to see Liberty Networks Germany continue to build partnerships with municipalities to deliver powerful full-fibre broadband infrastructure to the parts of Germany that need it the most.”
To fund its ambition to build a leading full-fibre broadband network in Germany, the JV is in the process of raising finances, leveraging the long-standing expertise of its shareholders in financing critical broadband infrastructure projects throughout Europe.
Having operated Unitymedia for a decade, Liberty Global brings extensive experience of the German market to the JV. This includes working closely with municipalities and regional authorities in Germany as Unitymedia expanded its network in the country, which reached 13 million homes passed and 7.2 million customers by the time of its sale to Vodafone in 2019.