Altice Europe takes wraps off of new fiber wholesale unit in Portugal

fiber
Altice Europe launches a new wholesale fiber unit in Portugal in partnership with Morgan Stanley Infrastructure Partners. (Pixabay)

Altice Europe announced the launch of its new wholesale fiber division, Fastfiber, which is partially owned by Morgan Stanley Infrastructure Partners.

Altice Europe said Fastfiber, which was previously known as Altice Portugal FTTH, was "by far the largest FTTH wholesaler" in Portugal with about four million homes passed at the end of last year. The newly minted Fastfiber is comprised of all of the Altice Portugal and MEO fiber assets in Portugal, including fiber-to-the-home and dark fiber. The transaction between the two companies valued Fastfiber at $4.9 billion.

Going forward, Fastfiber will sell wholesale services to all operators under the same financial terms as Altice Portugal FTTH while MEO will sell technical services to Fastfiber for the construction, maintenance and subscriber connections to the fiber network.

Sponsored by EQUINIX

The Opportunity for CBRS and Private Wireless Services

Learn how Private Wireless Networks and CBRS enable business opportunities for service providers and new capabilities for enterprises.

RELATED: Altice Europe strikes a $1.7B deal for first nationwide fiber wholesale business in Portugal

In December, Alice Europe's Portuguese subsidiary MEO inked a deal with Morgan Stanley Infrastructure Partners to build the first nationwide fiber wholesaler in Portugal. As part of the deal, MEO sold off a minority equity stake of 49.99% in Altice Portugal's fiber-to-the-home (FTTH) assets for an initial price of $1.74 billion. In addition to boosting the Portuguese telecom market, that deal also helped Altice Europe pay down some of its debt.

Suggested Articles

While U.S. hyperscale revenue grew 11% year over year, the supply chain for data center equipment used by hyperscalers had a rocky quarter, according

Equinix has achieved Google Cloud Premier Partner status, which enables both companies' customers to more easily connect their data in Google Cloud.

In order to better help its customer deal with Covid-19 related issues, BT altered the course of its Global Research and Innovation Programme.