In the telecommunications segment we finance investments in telecom networks worldwide and support exports from Germany and Europe.
Financing case NetCologne: Broadband expansion in Cologne
KfW IPEX-Bank is supporting the telecommunications provider NetCologne with the construction and expansion of the broadband infrastructure in Cologne and the surrounding area with a loan in the amount of EUR 30 million. The structured financing integrates funds from the KfW promotional programme 148 (in German language only). This is designed for companies in which municipalities are the majority shareholders and supports investments in municipal and social infrastructure.
High-speed network as goal of the digital agenda
In a prior transaction, KfW IPEX-Bank had already provided debt capital to NetCologne for the expansion of its network in 2015. With the current financing, the bank renews its contribution to the fulfilment of the ambitious digital agenda for the and the EU ("Europe 2020"). Its goal is to create an extensive high-speed network, such that every citizen is able to take advantage of the benefits of digitalisation. The provision of fast Internet service is seen as particularly important, because it facilitates social inclusion and business competitiveness – in cities as well as in rural areas.
NetCologne operates in greater Cologne as a regional telecommunications service provider, cable network operator and Internet service provider. The company has its own fibre optic network, which is one of the most modern in Europe, with over 20,000 kilometres of laid cable.
NetCologne financing at a glance:
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