Dutch project finance team assists ABN AMRO with the financing of the roll out of a fibre-optic network in The Hague

By Roger van Buuren, Franka van Buuren

07-2020

The Dutch project finance team assisted ABN AMRO Bank with the financing of Primevest Capital Partners, a leading pan-European investment boutique specialising in innovative real estate, in connection with the roll out and operation of the first of a series of fibre-optic networks in the Netherlands by a consortium of Primevest, T-Mobile and VolkerWessels Telecom. With this financing, ABN AMRO is facilitating the roll-out of fibre optics in The Hague and further conversion to fibre optics of the Netherlands in general.

This first network will connect more than 32,000 households to superfast internet, and more projects will follow in the course of this year. “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,” said CEO Søren Abildgaard of T-Mobile.

Bas van Dongen (Fund Manager Primevest) commented: “We are pleased that a Dutch bank is contributing to the fibre roll-out in the Netherlands in this way. We have actively worked with our partners T-Mobile and VWT to conclude this agreement and this is an important next step in our joint ambition to start more fibre optic projects.

The deal closed on 1 July 2020. 

Our team, which was led by Roger van Buuren (finance partner The Hague), also comprised (among others) Franka van Buuren (associate The Hague), Ronald Hendrikx (partner Commercial London), Dutch civil law notary René Rieter and paralegal Lonneke Kraan