EQT goes double Dutch: CAIW takeover follows DELTA deal

17 Nov 2017

Swedish investment group EQT, via EQT Infrastructure III Fund, has signed a definitive agreement to acquire Dutch regional cable and fibre network operator CIF Holding (CAIW) from Rabo Bouwfonds Communication Infrastructure Fund. CAIW owns and operates a FTTx and HFC (coaxial) network connecting more than 350,000 households, generating sales of EUR112 million (USD132 million) in 2016; triple-play services are offered over the network under the Caiway brand via CAIW Diensten (CAIW Services), a wholly owned subsidiary of CAIW. The deal expands EQT’s presence in the Netherlands following its purchase of cableco DELTA in March this year.

EQT Infrastructure says it will invest in the continued development of CAIW’s growth strategy while strengthening its market position and exploring opportunities to expand its existing fibre network. Joost Goderie, Senior Managing Partner at Rabo Bouwfonds Communication Infrastructure Fund, said: ‘With support of institutional investors, we have developed large-scale fibre networks in different areas of the Netherlands. We are especially proud that CAIW successfully rolled out optical fibre to municipalities and households in rural areas. Welcoming EQT Infrastructure as the new investor will guarantee continuity of CAIW’s services and shape the ambitions for the future.’

EQT Infrastructure intends to include CAIW in the same holding as DELTA and the new group management structure will oversee all activities related to both CAIW and DELTA, headed by Marco Visser, current CEO of DELTA. The transaction is subject to customary conditions, such as completion of a works council consultation procedure and approval from telecoms regulator Authority for Consumers & Markets (ACM). The parties have agreed not to disclose financial details related to the transaction, which is expected to close before the end of 2017.

Netherlands,CAIW (Caiway), DELTA, EQT,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share