E+H has advised Oesterreichische Glasfaser-Infrastrukturgesellschaft on its cooperation with Lower Austria's Breitband Holding for the expansion of the fiber-optic network in the province.
Closing took place in December 2021.
OEGIG is an Austrian technology and infrastructure company and a wholly-owned subsidiary of the Allianz Group. The company plans, builds, finances, and operates fiber-to-the-home fiber networks in underserved communities in Austria. Allianz is a German multinational financial services company headquartered in Munich. Its core businesses are insurance and asset management.
Breitband Holding operates in the technology hardware markets.
According to E+H, “the joint venture between OEGIG and Breitband Holding will be responsible for the comprehensive planning and construction of the fiber-optic network. In the future, different providers of internet services will be able to offer their products on the open network. The planned investment volume of the cooperation now agreed on amounts to a total of around EUR 500 million. The intention is to establish up to 200,000 additional fiber-optic connections in rural regions of Lower Austria.”
The E+H team included Partners Clemens Lanschutzer, Ulrike Sehrschoen, Judith Feldner, and Laurenz Liedermann, Attorney Arndt Blaschka, and Associates Wolfgang Koefer, Johannes Helm, and Titus Kahr.
E+H could not provide further information on the deal.
