KfW IPEX-Bank provides financing for Alpen Glasfaser

As part of a lending group, KfW IPEX-Bank contributes EUR 100 million for fibre optic expansion in Austria. Alpen Glasfaser has raised a EUR 417.5 million facility for the fibre roll-out to 650,000 homes and businesses in Austria.

Alpen Glasfaser, a joint venture between Magenta Telekom and Meridiam, is Austria’s largest private fibre partnership to date. By end of 2030, Magenta Telekom and Meridiam intend to jointly invest EUR 1 billion to connect more than 650,000 Austrian households and businesses to high-speed internet (FTTH). Alpen Glasfaser will take care of network construction and passive maintenance, while Magenta Telekom will market the products and services for end customers.

KfW IPEX-Bank has a growing portfolio in digital infrastructure: in 2022, financings amounted to EUR 1.9 billion. The financing for Alpen Glasfaser is the bank’s first financing in this field in Austria. So far, KfW IPEX-Bank provided financings for digital infrastructure in Germany, France, Netherlands, the Nordics, Poland, Italy, and England, among others.

About KfW IPEX-Bank
Within KfW Group, KfW IPEX-Bank is responsible for project and export finance. It supports German and European companies operating in key industrial sectors in global markets by structuring medium and long-term financing for their exports, funding infrastructure investments, securing supply of raw materials and by financing environmental and climate change mitigation projects worldwide.

As a bank that stands for transformation, it finances technologies of the future to support the transition towards sustainable society in all three dimensions of the economy, environment and social. By implementing ambitious sector guidelines for CO2-intensive sectors KfW IPEX-Bank ensures its financings are compatible with the goals of the Paris Agreement. By introducing GHG accounting it aims to achieve a net zero emissions portfolio by 2050.

As specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise, it takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank operates as a legally independent group subsidiary and is represented in the most important economic and financial centres across the globe.