TNG Glasfaser GmbH

TNG FTTH Roll-out - Financing

Borrower (s)
TNG Glasfaser GmbH
Industry
Telecoms and Communications/Broadband / cable network
Area of finance
Project & Infrastructure Finance
Region
Europe
Countries
Germany

Deal Overview

TNG, a leading integrated German FTTH platform headquartered in Kiel, has signed an agreement to raise €325m with an international banking consortium, to refinance the existing bank facilities and secure new capital in order to accelerate the expansion of its fibre network. The financing...

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TNG, a leading integrated German FTTH platform headquartered in Kiel, has signed an agreement to raise €325m with an international banking consortium, to refinance the existing bank facilities and secure new capital in order to accelerate the expansion of its fibre network. The financing package allows TNG to raise additional €150m of debt within the existing facilities agreement. 

TNG focuses on rolling out and operating fibre to the home networks (FTTH) in underserved rural and semi-rural areas. It has already successfully provided FTTH connections to more than 60k homes in Northern Germany and Hesse. 

With the support of ICG Infra, its majority shareholder, TNG plans to provide FTTH to more than 500k homes within the next four years and has already secured turnkey contractor capacities to deliver the largest part of this plan.

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Deal Volume
$336.73m
Financial Close
18 November 2022

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Projects

TNG FTTH Roll-Out Project

Greenfield
Broadband / cable network
Europe
Germany
$420.89m