Connecting Europe Broadband Fund invests in FTTH operator in Finland

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Cube Infrastructure Managers (Cube) has announced its investment in a greenfield fiber-to-the-home (FTTH) project in Finland operated by Fibernet through its Connecting Europe Broadband Fund. 

The project involves the deployment of state-of-the-art fiber-to-the-home (FTTH) infrastructure to connect semi-urban and rural communities in Finland, in line with CEBF’s mission to enhance connectivity for households and businesses across Europe. As part of the project, it is planned to cover 6 municipalities with its transmission infrastructure and provide full fiber broadband to 41,000 premises within three years. To implement the project, Fibernet cooperates with Sweden-based professional services and turn-key telecom contractor Ociusnet Group.

The initial investment plan for the project is EUR14 million (US$14 million) for the first stage. CEBF was advised by HPP Attorneys (Helsinki) on Finnish legal and tax issues and on commercial and technical issues by Analysys Mason (Stockholm).

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