€31.3 million ($34 million) loan to Primevest Capital Partners’ Communication Infrastructure Fund for a fibre expansion.

The loan is funded under the German government's Digital Infrastructure KfW programme which was set up to support the construction and expansion of the national fibre network.

It is the fourth financing provided for Primevest Capital Partners over the last year and a half.

The fibre optic infrastructure will be installed in suburban and rural regions near Freiburg, Hadamar and Cham. As part of the current project, the infrastructure will be leased to the network operator Vodafone, which will supply more than 20,000 private households with FTTH connections.