Orange Polska and APG to form a €605m joint venture.

Orange Polska, a Polish telecommunications provider, and APG, a Dutch pension investment company, agreed to form a €605m joint venture. This joint venture aims to support the rollout of fiber in Poland, in areas where access to very high-speed broadband infrastructure is limited or inexistent. Orange and APG will own 50% stake each. The transaction is expected to close by the end of August 2021. “This partnership with APG is excellent news for Orange Polska. APG is a global leader in infrastructure management and will provide us with the financial backing necessary to achieve our ambitious five-year fiber roll-out program in Poland. Together we will be able to bring fiber to an additional 1.7m homes mainly in areas that still lack reliable internet access across the country. This ambition will be backed with a tried-and-tested business model that aims to maximize available revenues by opening-up wholesale access to third-party operators. This is a clear win-win for everybody that will also contribute to social and economic development in the country,” Mari-Noëlle Jégo-Laveissière, Deputy CEO of Orange in charge of European Operations (outside France).