NGN Fiber Network KG (“NGN”) and Eurofiber, have established a long-term partnership for the German market, bringing complementary capabilities to further expand and commercialize NGN’s unique national fiber network.
NGN is a leading German dark fiber provider owning and operating a unique and extensive nationwide long-haul and metropolitan fiber network across 52 cities including Munich, Leipzig, Halle, Frankfurt, Hamburg, Erfurt and Berlin. Eurofiber is a leading digital infrastructure operator providing smart, open, future‐proof network infrastructure on an open access basis to telecom operators, companies, government bodies and nonprofit organizations with its 38,000 km fiberoptic network across The Netherlands, Belgium, France and stretching into Germany.
Together, NGN and Eurofiber will seek to accelerate the expansion of NGN’s already extensive network in order to address increasing demand for fiber infrastructure with a nationwide network to be accessible to all German telecom operators, other network operators, multi-national corporations and enterprises in an open and non-discriminatory manner.
Marco Weigand, founder of NGN commented: “With Eurofiber we found the right partner to commercialize NGN’s unique network infrastructure and bring the company to the next level. We are very excited and look forward to working together with Eurofiber’s first-class team to service our current and future customers with an enhanced product offering.”
Alex Goldblum, CEO of Eurofiber: “Our partnership with NGN fits perfectly with our ambitions to play a role upgrading the telecom infrastructure in Germany. Combining NGN's unique network with Eurofiber’s experience in bringing open access networks to the market, we have found the perfect match that will allow customers to freely chose service providers and in many cases stay with their existing service provider, whilst benefiting from the infrastructure provided by Eurofiber”. Hans Lehmann, Managing Director of Strategy and Corporate Development at Eurofiber added: “With NGN and Marco Weigand, we’ve found the ideal partner with a shared vision for our long-term ambitions in Germany.”
The intended partnership is subject to customary regulatory approvals in Germany.
Goldman Sachs Bank Europe SE and Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater PartG mbB are acting as exclusive financial and legal advisors to NGN respectively. Perella Weinberg Partners and Latham & Watkins LLP are acting as financial and legal advisors to Eurofiber respectively.