The Connecting Europe Broadband Fund has reached an agreement to invest over EUR 43 million in the Rodin Group to establish a high-quality fiber-to-the-home network in the less densely populated areas of the Province of Groningen, marking CEBF's first project in the Netherlands.
Information on the Target
The Rodin Group is a key player in the telecommunications sector, focusing on the development and deployment of next-generation broadband infrastructure. With a commitment to enhancing connectivity in underserved areas, the Rodin Group aims to implement a high-quality fiber-to-the-home (FTTH) network in the less dense regions of the Province of Groningen. This ambitious initiative will connect over 109,000 households and businesses, thus significantly improving digital access for residents and enterprises alike.
This investment marks a pivotal moment for the Rodin Group as it partners with the Connecting Europe Broadband Fund (CEBF) to expand its operational capabilities and financial backing. The partnership is designed to leverage Rodin's local expertise and the CEBF’s resources, ensuring a robust and future-ready network for the community.
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Industry Overview in the Netherlands
The telecommunications industry in the Netherlands is characterized by its rapid evolution and increasing demand for high-speed internet services. Despite the country's overall advanced digital landscape, rural areas, particula
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Connecting Europe Broadband Fund (CEBF)
invested in
Rodin Group
in 2023
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $46M