Hamburg – A YPOG team led by Jörn Wöbke has comprehensively advised German fiber-optics provider Deutsche GigaNetz GmbH on the entry of infrastructure investor DWS. DWS intends to initially invest a mid-three-digit million amount. The existing investor InfraRed Capital Partners will continue to provide equity and remains invested, as does the founding team around CEO Jan Georg Budden. In the medium term, DWS intends to become majority shareholder.
Last year, Deutsche GigaNetz set itself the target of investing €3 billion in fiber-optic expansion within five years and providing one million households, mainly in rural areas, with a fiber-to-the-home (FTTH) connection. The investment by Deutsche Bank's fund subsidiary DWS is aimed at helping the company to meet its original business plan of €3 billion and to enable further growth.
The team led by Jörn Wöbke, whose expertise Deutsche GigaNetz already relied on in the last financing round in 2021, advised on all legal and tax issues..
Advisors Deutsche GigaNetz:
Dr. Jörn Wöbke (Lead, Corporate), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Emma Peters (Corporate), Senior Associate
Johannes Schmidt (Corporate), Associate
Boris Schinzel (Corporate), Associate
Lukas Schmitt (Tax), Associale
About Deutsche GigaNetz
Headquartered in Hamburg, Germany, Deutsche GigaNetz focuses on infrastructure and IT telecommunications products, in particular the development, construction and operation of high-quality fiber-optic telecommunications networks. The company is committed to a future-oriented Internet infrastructure in Germany and works to provide fast, reliable and cost-effective fiber-optic and high-speed Internet connections. The fiber-optic technology offered by Deutsche GigaNetz is superior to copper or cable networks not only in the areas of data communications and transport. FTTH infrastructures in particular also promise significant energy savings compared with conventional networks.
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YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
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