Netherlands provider Delta Fiber has secured €2bn for the roll out of its XGS-PON fibre network throughout the Netherlands.
The network expansion will see the firm grow to two million fibre connections in 2025, with higher internet speeds than previously available.
The financing was secured by underwriters ABN AMRO, ING, SEB, Santander and Deutsche Bank, who will place the loan with a consortium of national and international banks.
From September, all new build networks will be based on XGS-PON technology that is designed to enable speeds of up to 10Gb/s. Delta will soon announce its new high speeds and the prices of the subscriptions. CEO Marco Visser said: ‘We are making gigabit-plus speeds the new standard and we want to make high speeds accessible to as many people as possible. This financing allows us to accelerate our fibre roll out significantly and to expand our network to reach 25 per cent of The Netherlands by connecting two million homes and businesses, predominantly in the smaller villages and towns throughout the Netherlands. The fact that we have been able to conclude this significant financing package on attractive terms shows the trust that lenders have in us.’
