Orange Polska last week announced the creation of a FiberCo co-owned (50-50) with APG.
This joint venture aims to support the rollout of fiber in Poland, in areas where access to very high-speed broadband infrastructure is limited or inexistent. The FiberCo integrates 2.4 million lines, including 1.7 million households that will be deployed over the next five years.
This transaction values the joint venture at 2,748 million PLN (605 million euros) following a competitive process aimed at seeking out a long-term partner. As a result, Orange Polska will receive 1,374 million PLN (303 million euros) from APG, of which 65% will be transferred on closing and the rest between 2022 and 2026 as the deployment plan advances.
This project will allow Orange Polska to pursue its ambitious fiber-optic rollout strategy by sharing investment costs. This announcement follows other Orange Group announcements including the creation of Orange Concessions in January 2021 and the outline of the European Towerco Totem in February 2021. As such, Orange continues to deploy its infrastructure strategy as set-out in its Engage 2025 plan.
Mari-Noëlle Jégo-Laveissière, Deputy CEO of Orange in charge of European Operations (outside France)
This partnership with APG is excellent news for Orange Polska. APG is a global leader in infrastructure management and will provide us with the financial backing necessary to achieve our ambitious five-year fiber roll-out program in Poland.
Ramon Fernandez, Delegate CEO of Orange in charge of Finance, Performance and Development
I am delighted that Orange, as Europe’s leading player in the FTTH fiber market and one of the largest mobile network operators, has successfully brought to fruition its three major infrastructure projects, delivering on the commitment made in our Engage 2025 strategic plan.
