Infrastructure fund manager DIF Capital Partners has teamed up with Cinia to build fibre optic networks in Finland.
The manager, through its DIF Core Infrastructure Fund I fund will hold an 80.1% stake in the joint venture, known as Adola, which plans to provide over 100,000 fibre-to-the-home connections.
The remaining 19.9% stake will be is held by Finnish telecom infrastructure provider Cinia.
The first project is expected to become operational in the first half of 2020, DIF said.
Willem Jansonius, head of DIF Core Infrastructure Fund I, said: “We are pleased to have established a long term co-operation with Cinia for the roll-out of fibre in Finland.
“This is an excellent opportunity for the fund to invest in high-quality projects with a strong local partner and to further expand into the fast-growing telecom infrastructure sector.”