P+ invests $50 million in American fiber network.
P+ has committed to invest $50 million, equivalent to DKK 365 million, in the American fiber company MetroNet. This is a co-investment in a joint venture between the global investment company KKR and the telecommunications company T-Mobile, and the investment is managed by KKR.
“With the investment, P+ gains exposure to the expansion of fiber infrastructure in the US, which is a high-growth market. MetroNet already delivers fiber networks to more than 600,000 subscribers in 17 US states and has achieved good returns,” explains Michael Dalsgaard, head of alternative investments at P+.
There is great potential for expansion of the fiber network in the USA, where 50 million households do not yet have access to a network.
“There is no doubt that fiber infrastructure in the US is an attractive market, and KKR is considered one of the most experienced managers when it comes to digital infrastructure,” says Michael Dalsgaard.
P+ already has a significant commitment with KKR, including an investment in Zenobe, which, among other things, supplies batteries for buses.
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