CMS has advised Niederosterreichische Breitband-Holding on its EUR 300 million sale of a 74.9% stake in its Niederosterreichische Glasfaserinfrastrukturgesellschaft subsidiary to Allianz Capital Partners. Eisenberger & Herzog advised the buyers on the deal.
Niederosterreichische Glasfaserinfrastrukturgesellschaft builds and operates fiber-optic networks in rural areas on behalf of the federal state of Lower Austria. According to CMS, “ACP’s participation now makes it possible to take the next step of making fast Internet available to a further 100,000 households in communities with fewer than 5,000 inhabitants between 2020 and 2022.”
The investor selection was completed in the summer and the agreement, which was signed in September 2019, closed on December 9.
CMS's team consisted of Partners Thomas Hamerl and Clemens Grossmayer.
The Eisenberger & Herzog team advising Niederosterreichische Breitband-Holding was led by Partner Michael Strenitz.