Intermediate Capital Group agrees German fibre operator takeover

14 December 2020 - 12:00 am UTC

Intermediate Capital Group (ICG)’s infrastructure arm will invest EUR 150m to buy a majority stake in German broadband provider TNG and fund its further roll-out.

The FTSE 100-listed investor said on Monday (14 December) it agreed to buy the stake from the founders of TNG, which owns fibre-to-the-home (FTTH) networks near the city of Kiel in northern Germany.

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