Wolf Theiss, working with Freshfields’ Frankfurt office, has advised Alpen Glasfaser on a EUR 417.5 million financing from a consortium including UniCredit Bank Austria, KfW IPEX-Bank, La Banque Postale, Erste Group Bank, Natixis, and Hypo NOE. Binder Groesswang, working with Clifford Chance’s Frankfurt office, advised the banks.
Alpen Glasfaser is a joint venture of infrastructure investor Meridiam and Magenta Telekom.
According to Wolf Theiss, “Magenta and Meridiam aim to link more than 650,000 buildings in Austria to the network with a joint investment of EUR 1 billion by the end of 2030 – making Alpen Glasfaser currently the largest private fiber partnership in Austria. While Alpen Glasfaser will be responsible for the construction and passive maintenance of the high-speed fiber broadband network, Magenta Telekom will market the products and services for end customers.”
The Wolf Theiss team included Partners Andreas Schmid and Christian Mikosch, Counsels Mimo Hussein and Eva Stadler, Senior Associates Markus Aigner and Gregor Grablowitz, and Consultant Karin Spindler-Simader.
Binder Groesswang's team included Partners Stefan Tiefenthaler, Stefan Frank, Johannes Barbist, and Gottfried Gassner, Senior Associate Mathias Drescher, and Associates Philipp Schermer and Anian Gruber.