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French Investor Meridiam Establishes Joint Venture with Magenta Telekom for Glass Fiber Expansion in Austria
Magenta Telekom and French investor Meridiam have agreed to establish a strategic partnership for Austria's largest private fiber expansion initiative. By 2030, the companies will invest 1 billion Euros in the roll-out of more than 650,000 new high-speed Internet connections for households and businesses.
Stephan Wehrmann (Meridiam Business Development Director DACH), Dominique Leroy (Deutsche Telekom Europe Board Member), Andreas Bierwirth (Magenta Telekom CEO) present Austria's largest private fiber partnership (From l. to r.). / Picture: © Magenta Telekom / Marlena König
The joint venture for the expansion of the Austrian fiber-optic network, in which Meridiam holds a near majority stake, is not to be limited to metropolitan areas but is also to cover rural areas.
According to Magenta, the network rollout is to be carried out without any advance contracts and a minimum number of customers. Magenta also announced competitive rates so that fast…
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