A fund managed by Cube Infrastructure Managers is investing in a fibre-to-the-home (FTTH) project in Finland operated by Fibernet.
Cube said its Connecting Europe Broadband Fund (CEBF) is investing in the project to help Fibernet deploy FTTH infrastructure to connect semi-urban and rural communities in Finland. The project is expected to require an initial €14m investment for the first phase.
Fibernet plans to cover six municipalities with its transmission infrastructure and provide full-fibre broadband to 41,000 premises within three years.
Janne Ahola, CEO of Fibernet, said: “We are extremely pleased about CEBF’s investment in our project. We have already built a stable footprint and now, thanks to our cooperation with Cube and Ociusnet, we have a great possibility to bring fibre broadband to thousands of households in Finland.”
Izzet Güney, partner of Cube Infrastructure Managers, said: “We are pleased to announce this new investment which will allow the deployment of new fibre networks connecting less populated areas across Southern Finland.
“With this transaction, CEBF is pursuing its investment programme in a dynamic environment while continuing to push for an acceleration of fibre deployment at the European level.”
The transaction is CEBF’s ninth investment in Europe and first in Finland.
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