OMERS Announces Closing of First Telecom Investment in Germany
(LONDON, MAY 19, 2020) -- OMERS announced today the closing of its previously-announced investment in Deutsche Glasfaser (DG). DG is the fastest growing provider of gigabit internet connections through fiber-to-the-home (“FTTH”) to more than 700,000 households and 5,000 businesses across Germany, creating a more sustainable and inclusive society by extending access to high speed connectivity. Earlier this year, OMERS and its partner, EQT Infrastructure Fund IV, announced an agreement to invest in DG.
“We are very pleased to reach this milestone. This closing underlines both our ongoing interest in Germany as a high-quality jurisdiction and our continuing interest in telecommunications-related opportunities,” said Ralph Berg, Global Head, OMERS Infrastructure. “While we celebrate today’s success, our world-wide search for further solid investment opportunities maintains a steady pace,” he added.
“As with our investment in SFR FTTH to roll-out fiber in France, our support for Deutsche Glasfaser is a testament to OMERS Infrastructure’s strong conviction regarding the size of the opportunity represented by telecom. Our thesis continues to be that investing in the development of telecommunication infrastructure will generate, as the roll-out approaches completion, strong and stable cash flows that are a good match with our long-term obligations towards our OMERS members,” said Philippe Busslinger, Head of Europe, OMERS Infrastructure.
In alignment with previously-announced plans, DG will be combined with EQT Infrastructure Fund IV portfolio company inexio, to form a leading FTTH player in rural Germany, as well as one of the leading telco companies in Germany.
Today’s news marks OMERS third infrastructure investment in Germany, following its 2015 investment in Tank & Rast, the country’s leading provider of motorway services, and its 2019 investment in VTG, the largest railcar leasing and rail logistics company in Europe.
CONTACT INFORMATION:
Neil Hrab
Manager, Media Relations
nhrab@omers.com
416-369-2418
About OMERS and OMERS Infrastructure
OMERS Infrastructure manages investments globally in infrastructure on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada. Investments are aimed at steady returns to help deliver sustainable, affordable and meaningful pensions to OMERS members.
OMERS diversified portfolio of large-scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, transportation and government-regulated services. OMERS has employees in Toronto and other major cities across North America, the U.K., Europe, Asia and Australia. OMERS is one of Canada's largest defined benefit pension funds with net assets of C$109 billion. Visit www.omersinfrastructure.com for more information.