Austrian Largest Private Fiber Partnership to Start Roll-Out this Spring
The EU granted competition clearance for Alpen Glasfaser, the joint venture between Magenta Telekom and French infrastructure partner Meridiam. The clearance was granted without any conditions. Magenta and Meridiam announced the formation of a strategic partnership for Austria's largest private fiber roll-out initiative in August 2022.
The newly established company can thus commence operations and start rolling out fiber in many regions of Austria immediately this spring. By 2030, the companies will jointly invest €1 billion in the expansion of more than 650,000 new high-speed internet connections for households and businesses (FTTH) in Austria. Alpen Glasfaser will be responsible for building the networks, while Magenta Telekom will market the products and services to customers. At a later stage, the networks will also be opened up to other partners.
For the management of the company, the two partners were able to put together an experienced management team consisting of three members: Johannes Gungl, former head of the regulatory authority RTR and currently managing director of RML-Infrastruktur (also an investment of Meridiam), which operates a fiber optic network in the Liezen district. Robert Jelinek-Nacke, an internationally experienced financial manager who, among other things, held functions in the finance department of the Deutsche Telekom Group for many years, and Oliver Prostak, who, in addition to this function, is also Co-CEO of Meridiam Glasfaser in Germany.