Deutsche Glasfaser (DG) has agreed a comprehensive overhaul of its capital structure with shareholders EQT and OMERS and its lenders, securing more than €1.2 billion in additional funding and reinforcing its long-term financing base as it continues its fibre rollout in Germany.
Under the agreement, the German fibre network operator’s shareholders will inject significant equity, while financing partners will provide additional debt capital. In parallel, existing debt is being restructured on long-term terms and the portion allocated to operating activities will be substantially reduced. The transaction is expected to close by the end of June 2026.
“The agreement is an important milestone and very good news for our employees and partners. It creates continuity as well as planning and financing security. This means we are fully financed and clearly stand out from the competition. I thank our shareholders and financing partners for their trust. On this basis, DG will complete its planned network rollout and at the same time drive forward the ongoing transformation from a strongly construction-focused company to a customer-oriented broadband provider,” said Andreas Pfisterer, CEO of Deutsche Glasfaser.
A spokesperson for EQT and OMERS added: “We are pleased that a plan has been achieved to create a solid capital structure for Deutsche Glasfaser. This recapitalisation will support the company’s growth and the ongoing fibre expansion for the benefit of customers and communities. We thank all involved for their efforts and look forward to continuing to support management in the next phase of growth.”
Industry associations welcomed the announcement. “This is a good signal for fibre expansion in Germany. Deutsche Telekom’s competitors are the backbone of a strong and future-proof digital infrastructure and want to remain so,” said Sven Knapp, Member of the Executive Management Board at BREKO. “But securing ongoing expansion alone is not enough. Many more billions still need to be invested in new fibre networks. The Federal Ministry for Digital Affairs and the Federal Network Agency must now create a sustainable improvement in the economic framework conditions. The focus must be on measures that promote investment in new fibre networks and strengthen Germany’s competitiveness. This includes the rapid start of a regulated transition from ADSL to fibre networks.”
Dr Frederic Ufer, Managing Director of VATM, said: “We congratulate Deutsche Glasfaser on this important step. It is a positive and important signal for fibre rollout in Germany and at the same time a signal of confidence in private-sector investment in digital infrastructure. In this challenging market environment, rollout requires reliability, investment capacity and clear perspectives. Anyone who wants to accelerate fibre expansion must strengthen private investment, secure fair competitive conditions and create planning certainty. Politics and regulation must therefore do everything possible to remove investment barriers and support commercially financed rollout.”
Deutsche Glasfaser is one of Germany’s leading fibre network operators, focusing on rural and suburban areas. The company plans, builds and operates open-access fibre connections for households, businesses and public institutions. The company is backed by investors EQT and OMERS, with a total private investment volume of more than €10 billion.
