SMP advised DTCP on the deal.
KKR, a global investment firm, and Deutsche Telekom Capital Partners (DTCP), an investment management platform, have announced that they have entered into an agreement with T-Mobile Netherlands to launch a joint venture known as Open Dutch Fiber.
Open Dutch Fiber, which is majority-owned by KKR and with DTCP as a minority shareholder, will provide fiber-to-the-home (FTTH) broadband in the Netherlands. It will be delivering high-quality fiber connections to Dutch residents and businesses in predominantly urban areas. The platform has an open architecture and will make wholesale fiber services available to all operators.
The platform has an open architecture and will make wholesale fiber services available to all operators. Open Dutch Fiber will begin operations in Q2 2021 with a fully-funded commitment for an envisaged capital expenditure of approximately €700 million and construction agreements already in place.
KKR will be making the investment through its Global Infrastructure Investors Funds. KKR first established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of more than 50 dedicated investment professionals. The firm currently manages over $27 billion in infrastructure assets and has made over 40 infrastructure investments across a range of sub-sectors and geographies. Open Dutch Fiber will benefit from KKR’s expertise in digital infrastructure and fiber deployment, following similar recent investments in Deutsche Glasfaser in Germany, Hyperoptic in the UK and FiberCop in Italy.
DTCP Infra invests in European digital infrastructure across three verticals: towers, fiber, and data centers. The DTCP Infra team has an established track record creating innovative solutions for digital infrastructure development in collaboration with its financial and industrial partners. The firm’s investments in Swiss Towers and in Community Fiber provide relevant experiences for the benefit of ODF.
The SMP team was led by Andreas Kortendick (Picture), assisted by Jens Kretzschmann and Dr. Christian Joisten.
Involved fees earner: Christian Joisten – Schnittker Möllmann Partners; Andreas Kortendick – Schnittker Möllmann Partners; Jens Kretzschmann – Schnittker Möllmann Partners;
Law Firms: Schnittker Möllmann Partners;
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