ifm Global Infrastructure Fund to acquire a 50% stake in GlasfaserPlus from Deutsche Telekom for $1bn.

ifm Global Infrastructure Fund, an alternative asset fund operated by Ifm Investors, agreed to acquire a 50% stake in GlasfaserPlus, a fibre optic unit, from Deutsche Telekom, a German telecommunications company, for $1bn. "This is an attractive investment for ifm’s Global Infrastructure Fund – the GlasfaserPlus joint venture has strong socio-economic benefits as well as long-term cash-flow predictability, which will help us deliver on our purpose, which is to protect and grow the long-term retirement savings of working people," Kyle Mangini, ifm Global Head of Infrastructure.