DELTA Fiber says it has attracted 2 billion euros to back a planned roll-out of XGS-PON technology throughout the Netherlands. The 10G PON deployment will also see an expansion of DELTA Fiber’s network to 2 million fiber connections in 2025. It currently expects to reach 1 million connections by the end of this year.
ABN AMRO, ING, SEB, Santander and Deutsche Bank has underwritten the new funding and will place the loan with a consortium of national and international banks. The fixed financing framework is 1.45 billion, which can be expanded with an additional 600 million euros.
“This financing allows us to accelerate our fiber roll out significantly and to expand our network to reach 25 percent of the Netherlands by connecting 2 million homes and businesses, predominantly in the smaller villages and towns throughout the Netherlands,” commented DELTA Fiber CEO Marco Visser. “The fact that we have been able to conclude this significant financing package on attractive terms shows the trust that lenders have in us.”
The company expects to begin rolling out XGS-PON in September and will use the technology exclusively in its future builds with an eye toward making gigabit broadband widely available. DELTA Fiber also says it plans to migrate to 25G PON in the future. Along these lines, the company recently announced a partnership with Proximus of Belgium to deploy fiber to the home networks in Flanders. Proximus has already adopted 25G PON technology (see “Proximus turns up 25G PON link, commits to deployments”).
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