GlobalConnect Denmark acquires fiber infrastructure from Wizer, substantially growing its FTTH footprint
GlobalConnect Denmark has signed an agreement with Danish broadband provider Wizer, to acquire its entire fiber infrastructure covering approximately 20,000 homes. GlobalConnect operates as Onefiber in the Danish FTTH (fiber-to-the-home) market.
The acquisition significantly grows GlobalConnect’s footprint in Denmark and solidifies its ambitions to digitize society with future-proof fiber infrastructure across Northern Europe. Its strategy is to both grow organically and by acquisition.
Recent milestones include the acquisition of communications operator Open Universe from Telenor Sweden and connecting its first homes in its fiber rollout efforts in Northern Germany.
“We are dedicated to playing our part in accelerating digitization and promoting social inclusion across society. This latest acquisition significantly grows our footprint in Denmark, and we will continue to explore possible acquisitions across all our markets, given that they can contribute to an even stronger offering to our customers and fit into our strategy,” says Martin Lippert, CEO GlobalConnect Group.
The agreement has been signed, and the transaction is expected to be finalized in May 2022. The purchase price is an undisclosed 3-digit million DKK.
Contact:
Kamran Alemdar
Group CMO, Marketing & Communications
kamran.alemdar@globalconnect.se
About GlobalConnect Group
GlobalConnect Group is one of the leading digital infrastructure and data communication providers in Northern Europe. The Group delivers end-to-end solutions across its own infrastructure consisting of 100,000 kilometers fiber network and 33,000 sqm data center space in Denmark, Norway, Sweden, Germany and Finland. GlobalConnect Group employs approximately 1,700 people, has 30,000 B2B customers and connects more than 650,000 private households with a high-capacity fiber network. GlobalConnect Group is the result of 2019 and 2020 mergers between Broadnet, GlobalConnect and IP-Only. In the B2C segment, the group operates under the brands IP-Only, HomeNet and Onefiber, while operating as GlobalConnect in the B2B segment across all its markets. GlobalConnect Group is owned by global investment organization EQT, one of Europe’s largest infrastructure investors.
