Deutsche Glasfaser Seeks More Than €1 Billion in Funding for Fiber Rollout
- German fiber-optic provider is working with Goldman Sachs
- Deutsche Glasfaser has been sounding out potential investors
Fiber optic cables at Deutsche Glasfaser.
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Deutsche Glasfaser, a fiber-optic provider backed by EQT AB and Omers, is seeking new investors to help fund its fiber rollout, people with knowledge of the matter said.
The German company is working with Goldman Sachs Group Inc. to raise more than €1 billion ($1 billion) through the sale of a minority stake, according to the people. The owners are seeking a valuation of over €10 billion for Deutsche Glasfaser in a deal, one of the people said.