KKR to buy stake in FTTH provider Deutsche Glasfaser
Investment firm KKR says it has reached an agreement with Dutch counterpart Reggeborgh to acquire a majority stake in the latter's Deutsche Glasfaser, which constructs and operates fiber to the home (FTTH) networks in Germany. The agreement includes a joint investment of €450 million ($488.4 million) to fund additional fiber-optic network infrastructure in Germany "over the next few years," in the words of a press release.