Announced
Completed
Financials
Sources
Tags
Completed
Germany
Domestic
telecommunications company
Internet
Acquisition
Private
Majority
Private Equity
Friendly
Single Bidder
Synopsis
ICG-backed TNG, a German IT and telecommunications provider, completed the acquisition of sdt.net, a a telecommunications company that provides internet service. Financial terms were not disclosed. "TNG has proven in recent years to make a cost-effective and customer-oriented contribution in closing the fibre gap in Germany. We want the company to become a leading fibre provider across Germany," Frank Heiss, ICG Managing Director and Head of the DACH region.
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