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Telefonica in talks to raise EUR 5 bln for German fibre expansion - report

2020-10-12 10:26:00| Telecompaper Headlines

(Telecompaper) Telefonica is in talks with lenders and investors to receive EUR 5 billion for fibre expansion in Germany, Reuters reports, citing sources. Banks would lend two thirds of the money and the rest would be equity, including from an investor now holding exclusive talks with Telefonica. The company will invest the cash in fibre projects one step at a time. Telefonica Germany could take a passive equity stake in the new infrastructure unit responsible for fibre expansion, the report added, and could become an anchor customer. [ more ]

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