ICG to invest in TNG Group.

ICG, a global alternative asset manager, agreed to invest in TNG Group, a vertically integrated Fibre-to-the-Home platform headquartered in Kiel. Financial terms were not disclosed. "TNG benefits from outstanding technological capabilities and we have strong confidence in the management team who have a long history of rolling out fibre in Germany. We are eager to support its ambitious growth plan and help improve connectivity in rural and urban areas," Frank Heiss, ICG Infra Managing Director.