APG invests €303m in Polish fibre optic rollout

Dutch pension investor APG is investing PLN1.37bn (€303m) to buy a 50% stake in a Polish fibre optic rollout joint venture with telecommunication provider Orange Polska.

The remaining 50% of the Światłowód Inwestycje joint venture will be financed with debt by partner Orange Polska.

The venture, which will become the largest independent wholesale fibre operator in Poland, will roll out a network reaching 1.7m additional households by 2025. Another 0.7m existing fibre optic connections will be brought into the joint venture by Orange Polska, bringing the total number of connections to 2.4m.

Dutch civil service scheme ABP said in a separate statement that the latest investment was made on its behalf but APG declined a request to confirm.

Julien Ducarroz, CEO of Orange Polska, said the investment, which is expected to be closed by the end of August, “will help cover the areas which still lack reliable internet access, without using public funds”.

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