Germany’s metrofibre raises €120M to expand its fibre optic network in Essen

Düsseldorf-based metrofibre, a German company developing fibre networks to connect urban communities, announced that it has secured €120M in senior debt financing. The investment came from a consortium comprising ING, Kommunalkredit Austria AG and SEB. This investment will be used to enhance telecommunication infrastructure, leading to improved high-speed internet connectivity for residents and businesses in the Essen region (Germany) through metrofibre’s fibre operator, ruhrfibre. Christopher Rautenberg, MD of metrofibre and ruhrfibre, says, “We are proud to present three highly experienced infrastructure financing partners, who support our concept and our roll-out ambitions. We welcome ING, Kommunalkredit and SEB into the ranks of our partners and look forward to a fruitful collaboration.”