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Meridiam Achieves Financial Close for Fiber Rollout in Germany

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07.11.2024

Meridiam has successfully reached Financial Close for the financing of its Fiber-To-The-Home (FTTH) rollout in Montabaur, Germany. This transaction features a 30-year long-term bond financing, supporting the deployment of a comprehensive fiber network that will pass approximately 20,000 homes in the Montabaur area. The deal builds on last year’s successful financing of Meridiam’s first roll-out in seven municipalities, which delivered FTTH to 100,000 homes passed.

 

Meridiam is partnering with Vodafone to accelerate FTTH deployment across multiple municipalities in Germany, a country with one of the lowest FTTH penetration rates in Europe, particularly in rural and semi-rural regions. Through this collaboration, Meridiam and Vodafone aim to deliver high-speed gigabit broadband to more than 500,000 underserved households, with Vodafone responsible for customer acquisition and service marketing.

 

The project is financed through an innovative 30-year bond structure for ca. €40 million, exclusively arranged by MEAG on behalf of institutional investors. This transaction marks the second occasion in which MEAG has supported Meridiam’s fiber expansion strategy.

 

Since launching its fiber strategy in 2020, Meridiam has invested over €2 billion in digital infrastructure across Europe (Germany, Austria, Romania) and North America (USA and Canada), contributing significantly to closing the digital divide and connecting underserved communities to high-quality, future-proof fiber networks.

 

 

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