Vattenfall and Eurofiber to connect more than 500,000 households and businesses in Berlin
Joint venture will build superfast fiber optic network
Vattenfall and Eurofiber will establish a Berlin based joint venture which will provide access to fiber connectivity for more than 500,000 households and businesses and accelerate the development of the German capital as a smart city. The new fiber network will offer superior digital connectivity compared to the existing coax and copper networks and will be accessible to all broadband operators.
In the joint venture, Vattenfall and Eurofiber will work together on the construction and operation of the fiber optic infrastructure. The joint venture aims to connect more than 500,000 households and businesses to the superfast fiber optic network in the coming years, initially in the center of Berlin. The network will also be a digital backbone for 5G and IoT connectivity, giving way to the fast development of the capital into a digital smart city. It will be accessible to all broadband operators in an open and non-discriminatory manner.
Tanja Wielgoss, CEO of Vattenfall Wärme Berlin AG: "We are delighted that creative and clever colleagues developed this idea outside our core business and that we have now found the perfect partner for the joint venture: Eurofiber has proven know-how, experience and expertise in the construction and operation of fiber optic networks in urban centers. Together we want to give a boost to digitization, which this city and very many Berliners, whether professionally or privately, eagerly expect.”
Eurofiber CEO Alex Goldblum: “Digital connectivity is vital for the economy and society. The high-quality open fiber network that we are going to realize with Vattenfall will help thousands of companies and organizations and hundreds of thousands of households in Berlin prepare for the future. We are proud to be able to put our expertise as an enabler of the smart society to work on this great project and are looking forward to the collaboration.”
The contracts signed yesterday are subject to the approval of the EU antitrust authorities and are to be executed immediately after the corresponding approval.
As the largest heating company within the Swedish Vattenfall Group, Vattenfall Wärme Berlin wants to enable a fossil-free energy supply within one generation. In cooperation with the State of Berlin and regional partners we are driving the transformation towards fossil-free heating solutions in the German capital. Vattenfall Wärme Berlin focuses on customized supply concepts in the districts, smartly controlled heating systems and 100 percent local generation with a growing share of renewable energies.
Eurofiber has been developing, maintaining and expanding its industry-leading, open access digital infrastructure for 20 years. With its fiber optic network and datacenters, Eurofiber is able to provide enterprises, organizations and governments in The Netherlands, Belgium and France with smart, open, future-proof cloud and connectivity solutions. Customers have complete freedom to choose the services, applications and providers they need. Eurofiber’s strategy is aimed at further expanding within Europe and broadening its portfolio. Urban Fiber-to-the-Home (FttH) deployments are a central feature of this expansion strategy, with Eurofiber expecting to execute further FttH projects with a wholesale and open access approach.
Eurofiber is backed by Antin Infrastructure Partners, a long-term infrastructure investor, as its sole shareholder. An experienced investor in telecommunications infrastructure for nearly a decade, Antin brings specific in-depth expertise in the fiber sector through its investments in Eurofiber, CityFibre (UK), Lyntia (Spain) and Firstlight (US).