Deutsche Glasfaser Looks for Options in Case Funding Plans Fail

(Bloomberg) – German fiber company Deutsche Glasfaser Holding GmbH is investigating the options if the plan to increase the preferred self -optional equipment is unsuccessful.

People who know the subject about the status of anonymity, private capital firm EQT Corp. And the Canadian Pension Fund Omers’s company is working with Lazarrard Inc to think about alternatives. Boston Consulting Group said that an independent business investigation.

Meanwhile, Deutsche Glasfaser continues the process of increasing the preferred equity as reported by Bloomberg in July. Goldman Sachs Group Inc., so far, said that he has been carrying out efforts to collect donations that have not resulted in an agreement. Shares, according to some people, 600 million € ($ 705 million) said they are willing to commit self -equipment or more self.

Deutsche Glasfaser spokesman immediately did not respond to the request for comments. EQT, Omers, Lazard, Goldman Sachs and BCG representatives refrained to comment.

Deutsche Glasfaser wants to collect new money to finance the business plan, but the fiber sector was challenging due to higher capital increase due to higher construction and financing costs. The company had previously tried to collect cash through fresh essence, but potential investors entered the company’s high leverage.

Deutsche Glasfaser has a debt package of approximately € 7 billion, which has been issued to finance its presentation to Fiber-house in rural and suburban Germany.

EQT and Omers acquired Deutsche Glasfaser in 2020, EQT had 51% and the remaining 49%. The company competes with DEUTSCHE Telekom AG and smaller players who want to take advantage of the relatively low fiber penetration in Germany.

-Help from Odeh and Paula Sambo.

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