BERLIN (Reuters) – Deutsche Telekom’s supervisory board has given its approval to a deliberate optic fibre three way partnership with Australian infrastructure investor IFM involving an funding of as much as 6 billion euros ($6.9 billion), a supply advised Reuters.
The corporate stated in June it wished to spend about 2.5 billion euros a 12 months by 2024 on its optic fibre enterprise in Germany and stated it wished to seek out buyers in order that it didn’t should tackle extra debt.
Deutsche Telekom has negotiated with a number of funds, which might cowl as much as half of the prices, the supply, who was acquainted with the matter, stated on Thursday.
Deutsche Telekom and IFM declined to remark.
The German firm has stated it’s holding a information convention about its optic fibre enterprise on Friday.
($1 = 0.8659 euros)
(Reporting by Nadine Schimroszik; Writing by Zuzanna Szymanska; Modifying by Sabine Wollrab and Edmund Blair)
