Majority stake up for sale in DNS Net

03 August 2020 - 12:00 am UTC

The owners of DNS Net are looking to give up the control of a majority stake in the German broadband provider through a potential issuance of new shares alongside a stake sale, with infrastructure funds considering bidding. 

Mid-sized infrastructure funds are looking to bid for at least 51% of the shares in DNS Net, which provides 120,000 premises with fibre-to-the-home (FTTH) broadband and 250,000 premises with fibre-to-the-cabinet broadband across 300 towns and cities in north-eastern Germany, said a source close and a source familiar with the situation. 

Read More