T-Mobile Netherlands, KKR to invest 700 million euros in fibre optic

T-Mobile Netherlands said on Wednesday it will invest at least 700 million euros ($832 million) to build and offer fibre optic networks in Dutch cities together with Open Dutch Fibre, a joint venture between KKR Infrastructure and Deutsche Telecom Capital Partners.

The project aims to reach 1 million households within five years, it said.

T-Mobile competes against KPN and VodafoneZiggo in the Netherlands.

In March, KPN announced a 440 million euro partnership with pension fund giant ABP to speed up its fibre optic rollout, targeting customers in under-served areas.

KPN, which says it already reaches one third of the Netherlands’ 8 million households, plans to reach another 2.5 million by 2026.

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe