A PYMNTS Company

Germany: Deutsche Telekom launches fibre-optic joint venture in northwest Germany

By  |  January 15, 2020

Deutsche Telekom said on Wednesday it was founding a fibre-optic networks joint venture with regional utility EWE that aims to connect more than 1.5 million German households after winning antitrust approval for the deal to go ahead.

Glasfaser Nordwest, as the 50-50 joint venture has been named, will build out networks in northwestern Germany while also offering access to third-party providers at “fair market prices”, Deutsche Telekom said in a statement.

Germany’s antitrust watchdog cleared the joint venture in December after its owners promised to provide fair third-party access, addressing complaints from the industry that Deutsche Telekom was intent on crushing competition.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.