The expansion of fiber optics in Germany should enable faster Internet connections. Deutsche Telekom intends to grow significantly in this area over the next few years. A long-term partnership with the IFM Global Infrastructure Fund has now been established for this purpose announced.
The focus is on a 50 percent stake in the expansion company GlasfaserPlus GmbH. The resulting joint venture is to create four million additional gigabit-capable FTTH connections in rural areas and development areas by 2028. In addition, there is the already set goal of connecting a total of 10 million households to the fiber optic network by 2024.
To this end, Deutsche Telekom is investing six billion euros per year in Germany from next year. In addition, there are further funds from GlasfaserPlus GmbH. More than 30 billion euros are to be invested in fiber optics by 2030.
With GlasfaserPlus, the digitization of rural areas in particular is to be promoted. The joint venture is an attractive investment for IFM Investors and IFM Global Infrastructure Fund. However, the approval for the joint venture is still pending.
The resulting fiber optic network should also be made available to competitors in a non-discriminatory manner. According to Telekom, the expansion of fiber optics is making good progress in Germany. In the current year 1.2 million FTTH connections would be created. Ten million connections would then be available by 2024. According to this, an average of 2.5 million FTTH connections are to be created per year.