Primevest Capital Partners and communications group Vodafone Germany are to roll-out a fiber-optic network in the city of Hadamar in the Hessian district of Limburg-Weilburg. Primevest will finance and build the infrastructure for around EUR 20 million (US$ 24.32 million) and lease it back to operator Vodafone, which will market and provide ultra-high-speed internet services over the new network.

The installation of the network will start later in 2021, providing access for some 6,000 households and companies to gigabit-fast internet connections over the next two years. The network will replace existing DSL systems which are unable to support the capacity demands of modern internet use, such as audio and video streaming in working from home and homeschooling.