Primevest Capital Partners and T-Mobile Extend Super-Fast Internet to another 45,000 Households in Rotterdam in Third Dutch City Deal

 
 
Rotterdam has become the third large city in the Netherlands where telecoms provider T-Mobile and Smart Cities investor Primevest Capital Partners are teaming up to offer 45,000 households access to super-fast Internet services by the end of 2021.

This will bring the total number of Dutch households that T-Mobile is connecting with superfast Internet connections via Primevest’s fibre-optic networks to 130,000 next year, following similar deals by the consortium in the past 18 months in The Hague and Eindhoven. The networks in Rotterdam will be built by partners Van Gelder Telecom and VolkerWessels Telecom.

Under the latest deal, the Primevest Communication Infrastructure Fund (PCIF) has reached agreement in principle with local network builder L2Fiber to take over its existing network in the Rotterdam district of Kralingen and to double its reach to approximately 15,000 households. As PCIF’s main client, T-Mobile will lease the fibre-optic network from the fund to offer superfast Internet services and open it up to other providers. In addition, Primevest and T-Mobile will start rolling out a new fibre-optic network in the Rotterdam district of IJsselmonde.

The Covid-19 crisis has clearly shown that the winning cities of the future will be those with the best Internet infrastructure that allows their digitalised economies to stay a step ahead of the rest, Barbara Kathmann, Rotterdam Municipality’s Alderman for Economic Affairs, said: “An Internet connection has become a basic need at home, as self-evident as water or electricity. Residents of Rotterdam must be able to count on fast, safe and reliable connections and a wide choice of Internet services. During the Covid-19 lockdowns, a good Internet connection has become crucial for everybody in Rotterdam who has had to work from home, as well as for the healthcare sector and businesses and retailers who offer their products online. I am delighted that the T-Mobile and Primevest Capital Partners consortium is allowing more Rotterdam households and entrepreneurs to benefit from superfast Internet. This deal brings us closer to our goal to connect all of Rotterdam to a fibre-optic network within the next five years. In Kralingen, the consortium is also providing a great solution in terms of completing the project started by L2Fiber in 2018.”

The deal to take over and extend Rotterdam’s fibre-optic network will enable T-Mobile to offer local resident access to the internet at speeds of up to 1 Gigabit per second (Gbps) at the lowest possible price. T-Mobile customers that already have an Unlimited T-Mobile mobile subscription will pay only €25 per month for super-fast Internet at home. The first users in Rotterdam will be connected in the spring of 2021. Van Gelder Telecom and VolkerWessels Telecom will construct the fibre-optic networks in Rotterdam for PCIF and be responsible for the long-term maintenance. The companies make use of an innovative installation method in which cables are laid up to five times faster than standard techniques thereby causing less inconvenience in the local environment.

PCIF has invested nearly €100 million from long-term pension fund and insurer institutional investors and has a further €50 million of investments currently under construction. PCIF is targeting additional equity commitments in the coming period for institutional investors. The fund invests in communication infrastructure, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management of between €500 to €600 million with 70% invested in fibre optic networks and 30% in traffic aggregation points and data centres.



About Primevest Capital Partners

Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Eindhoven to be First Large Dutch City Fully on Super-Fast Internet in Deal with Primevest Capital Partners and T-Mobile

 
 
Eindhoven is racing ahead to become the first major urban centre in the Netherlands with city-wide super-fast Internet connections, after an agreement between the municipality and telecoms provider T-Mobile unlocked an investment in the underlying fibre optic network for 29,000 households by ‘Smart Cities’ investor Primevest Capital Partners.

Bas van Dongen, Partner Communication Infrastructure at Primevest Capital Partners, said: “The Covid-19 crisis has clearly shown that the winning cities of the future will be those with the best Internet infrastructure that allows their digitalised economies to stay a step ahead of the rest online. Eindhoven is already renowned as a global academic centre of technological research excellence. The city’s agreement with our client T-Mobile, which will lease the fibre optic network from the Primevest Communication Infrastructure Fund, is to provide superfast Internet service to three districts comprising around a quarter of the population that previously had no access to this next generation broadband service and is a big step in ensuring Eindhoven retains its pole position.”

The three Eindhoven districts of Centrum, Strijp and Gestel will, from August, be able to subscribe to a T-Mobile service providing internet access at a speed of 1 Gigabit per second (Gbps). The Primevest Communication Infrastructure Fund (PCIF) and T-Mobile are targeting the rollout of superfast fibre optic networks to at least 100,000 households in the Netherlands this year, with other cities expected to follow Eindhoven’s lead in achieving full ‘Next Generation’ Internet coverage.

VolkerWessels Telecom will construct the Eindhoven fibre optic network for PCIF and be responsible for maintenance. The company makes use of an innovative installation method in which cables are laid up to five times faster than standard techniques thereby causing less inconvenience in the local environment.

PCIF has around €65 million invested from long term pension fund and insurer institutional investors and a further €50 million of investments under construction. PCIF is targeting additional equity commitments in the coming period for institutional investors, with a minimum of €10 million in participation. The fund invests in communication infrastructure, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management of between €500 to €600 million with 70% invested in fibre optic networks and 30% in traffic aggregation points and data centres.

Stijn Steenbakkers, City of Eindhoven Alderman, said: “I am delighted that the consortium of T-Mobile, Primevest CP and VolkerWessels Telecom will allow even more households in Eindhoven to benefit from fast fibre optics in a short time and with minimal inconvenience. In a few months, Eindhoven will be the first of the five major cities in the Netherlands to have fibre optics throughout the city. This is an important contribution to the continuity of the economy of our city, especially in these times when many people continue to work from home. Another special feature of this collaboration is that these 29,000 households and 1,100 small and medium-sized companies will have access to care services via Breedband Regio Eindhoven.”

BRE – Breedband Regio Eindhoven (Broadband Region Eindhoven), uses economy of scale to allow individual and/or groups of businesses, access to fibre optic infrastructure at competitive prices.

Søren Abildgaard, CEO of T-Mobile, concluded: “I am very proud that we are now providing a second major city in the Netherlands with high-speed internet after The Hague. Through our network we will also realise a link with BRE infrastructure and the Eindhoven Fiber eXchange. This makes it possible to open up a wide range of services to the FttH network, including the Regional Healthcare Infrastructure in Brabant. T-Mobile is also opening up this new network to all competitors on very attractive terms. And, by giving more consumers access to fast internet via fibre, we are following up on the promise we made after the merger with Tele2.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Fiber network in Segbroek completed

 
 
Superfast internet available for 32,000 households in The Hague district. The consortium of Primevest Capital Partners, T-Mobile and VolkerWessels Telecom has completed the construction of the fiber-optic network in the Segbroek district of The Hague.

At the end of May, the last piece of a total of 140 kilometers of fiber optic cable was built. More than 32,000 households now have access to superfast internet and several thousands of families are already using it. Because the network is now ready for use, anyone who signs up now can upload and download with superfast speeds within four weeks.

T-Mobile wants more Dutch people to access the internet at a speed of 1 Gigbit per second (Gbps) and that at the lowest possible price. In combination with a T-Mobile Unlimited mobile subscription, customers pay only 25 euros per month for this superfast internet at home. The construction of the network in Segbroek is in line with T-Mobile’s plan to install glass fiber together with partner Primevest Capital Partners in as many locations as possible where this is not yet the case. Primevest Capital Partners invests on behalf of the Primevest Communication Infrastructure Fund (“PCIF”) in the construction of the passive infrastructure, while T-Mobile is responsible for the active layer. T-Mobile also opens this network to all competitors on very attractive terms.

Good start of of T-Mobile’s fiber-roll-out ambition
The consortium of T-Mobile, Primevest and VolkerWessels Telecom has demonstrated in Segbroek that many households in The Hague can benefit from fast fiber optics in a short time and with minimal inconvenience. Use was made of a new innovative construction method, in which 32,000 households were connected to fiber optics in eleven months. That’s certainly important in these times when most people work from home.

CEO Søren Abildgaard of T-Mobile: “The project in Segbroek is a good start for our plan to provide hundreds of thousands of addresses with fiber optic services in the coming years. It is great to see that so many customers are using this offer directly and are enthusiastic about the speed and quality of our fiber optic network.”

Loosduinen
Except in Segbroek, T-Mobile, Primevest and VolkerWessels Telecom are currently installing fiber optics for more than 25,000 households in Loosduinen. More locations will soon be announced where the construction of fiber optics will start.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners & T-Mobile to deploy fibre network in the residential area Loosduinen in The Hague

 
 
More than 25,000 households in The Hague get internet of 1 Gigabit. T-Mobile Netherlands announced, together with Primevest Capital Partners, it will connect 25,000 households to a new fibre network in the residential area Loosduinen, in the city of The Hague.

Preparations will start in June and construction will start in August. The project is in line with T-Mobile’s strategy to connect at least 100,000 households in the Netherlands to fiber optics this year. Construction will be performed by preferred partner VolkerWessels Telecom.

The roll-out is planned for areas where there is no fiber optic at the moment. In this way, the telecom provider gives more Dutch people access to the internet at a speed of at least 1 Gigabit per second (Gbps), at the lowest possible price. In combination with an unlimited mobile subscription, customers pay only 25 euros per month for this super-fast internet at home. The first users will be connected later this year. A special feature of the network in Loosduinen is that half of the connections are meant for rental homes. There is close cooperation with the city of The Hague.

T-Mobile also opens this new network to all competitors on very attractive terms.  T-Mobile and Primevest only install optical fiber in places where there is no optical fiber yet. The construction fits with T-Mobile NL’s plan to connect at least 100,000 households in the Netherlands to fibre this year together with partner Primevest Capital Partners.

Great ambition for the coming years
The provider aims to provide fibre services to hundreds of thousands of addresses over the coming years. The two partners have already installed a first fibre network with around 32,000 connections in the Segbroek neighbourhood of The Hague. The unique cooperation between the Netherlands T-Mobile and Primevest Capital Partners enables exploitation of the network at very attractive conditions. The construction in Loosduinen is done by preferred partner VolkerWessels Telecom. An innovative construction method, introduced earlier in Segbroek, which allows construction up to 5 times faster while causing less inconvenience to the surrounding area will be used.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

T-Mobile, Primevest Capital Partners and VolkerWessels Telecom start city-wide its fiber rollout in The Hague

 
 
VolkerWessels Telecom have signed a cooperation agreement with the municipality of The Hague concerning the rollout of Fiber to the Home networks.

A consortium of T-Mobile, Primevest Capital Partners and VolkerWessels Telecom is formed to roll out an open-access FTTH network on which also 5G and Smart City applications in urban areas can be deployed. The consortium will start in June with the rollout of 33.000 home and business addresses in Segbroek, a district within the city of The Hague. With this cooperation, T-Mobile delivers on its promise to roll out fiber networks. The cooperation combines the unique strengths of each partner unlocking favorable economics, rapid, low impact and customer focused network rollout.

Richard de Mos, alderman for Economic Affairs, Sport and Public Space: “The municipality of The Hague is extremely happy with this fruitful cooperation. The consortium will bring our city a state of the art digital infrastructure that will benefit our citizens as well as our businesses. The city-wide rollout of Fiber-to-the-home will realize good digital connectivity for all the citizens in The Hague. The new fiber network is distinctive from other initiatives, as it is ready for all thinkable future applications and will offer open access to third parties. We expect this to boost innovation in telecommunications services in our city.”

Promise to The Hague
In January of this year, T-Mobile Netherlands merged with Tele2 Netherlands. A merger that was cleared by the European Commission without remedies. Søren Abildgaard, CEO: “With this merger, we have created the strongest possible challenger in the duopolistic Dutch telecommunications market. During the approval process by the European Commission, we made it very clear that this merger will strongly benefit Dutch consumers. To prove this we made them five hard promises. With the new consortium, we deliver on our promise to roll out fiber networks. Starting right here in The Hague, where our headquarters are located. The partnership with Primevest and VolkerWessels Telecom allows consumers to benefit from high quality, high speed fiber networks and offering ultrafast Internet and a rich TV content portfolio at very attractive prices.”

Benefits for all stakeholders
Primevest Communication Infrastructure Fund invests in passive communication network assets. They provide long term access to telecom providers that support an open access investment strategy. Bas van Dongen, Partner at Primevest: “We believe this leads to a higher utilization rate of the network, which is beneficial to all stakeholders. End users benefit from attractive pricing, telecom providers benefit from attractive network access pricing and the investors benefit ultimately from the higher utilization rate.. By future-proof and innovative rollout approach, construction works can be kept to a minimum. With T-Mobile, we have a strong partner in business supporting our investment philosophy.”

Enabling connectivity
Wido van de Mast, CEO of VolkerWessels Telecom: “We are very excited to be working together with T-Mobile, Primevest Capital Partners and the municipality of The Hague on deploying a state-of-the-art FttH network in The Hague. This cooperation aligns with our ultimate goal of enabling total connectivity and contributing to people’s quality of life. VolkerWessels Telecom acts within the consortium as a full turnkey contractor. In this role, we combine years of experience in the telecom market with innovative solutions and technical professionals.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com