John Laing Group has announced that it has executed binding agreements to acquire two regional German businesses in order to create a single platform to invest in fibre-to-the-premises (FTTP) in Germany. The Transaction comprises the acquisition of 100% shareholdings in two regional and complementary telecommunications businesses, located in southern and western Germany.  These businesses are EFN eifel-net Internet-Provider and Jobst NET, and both are in the early stages of FTTP roll-out programs, focusing on delivering connectivity to under-served suburban and rural communities in Germany.

John Laing has committed a total investment of up to EUR 30 million (US$ 35.5 million) to acquire control of these businesses and to fund the initial investment in fiber roll-out programs over the next 12 months. During the roll-out and construction phase, John Laing will support the management team by leveraging its expertise in developing and financing greenfield infrastructure and actively working with construction partners and other stakeholders.

FTTP is the fastest and most reliable internet connectivity solution available and is critical to facilitate the strongly growing internet bandwidth demands of the future.