Infrastructure deals. Law firm Hogan Lovells is advising fiber provider Stiegeler on concluding a financing package through Kommunalkredit Austria AG.
A commercial law firm headed by partner Carla Loh Hogan Lovells Kommunalkredit Austria AG (Capital Facility) advised German fiber provider Stiegeler on the conclusion of a €58 million financing package (including accordion facilities).
A medium-sized German fiber optic company
The Stiegeler Group, owned by Felix Stiegeler and the German investment firm Adiuva Capital, is an internet provider run by its founder in rural areas. Stiegeler provides Internet, telephone and television to more than 40,000 households and businesses in southwestern Germany. At the same time, Black Forest is expanding modern fiber networks and advising municipalities and communities with a focus on underserved areas. The new funding is intended to support Stiegeler’s plans to connect other regional communities to the FTTH network, according to the consulting firm.
“Bridging the digital divide”
“Expanding access to high-speed fiber Internet is not only a business achievement, but also an opportunity to bridge the digital divide. Our commitment to helping our customers secure the necessary financing underscores our commitment to driving this development forward,” said Carla Loh, Head of Hogan’s German Finance Practice. Lovells, in a statement: “Thanks to our extensive experience and proven track record in infrastructure projects, we are well placed to overcome the challenges of this project.” The team also included Julian Schmidt, George Goecker (Associate) and Julian Schultz (Training Attorney) (Finance/Infrastructure) .
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