Liberty Global pulls German fibre operation

Created January 11, 2023
News and Business

According to a report in BroadbandTV News, Liberty Networks has shut down its German joint venture operation helloFiber, following the operator’s insolvency filing earlier in January. The reasons cited for the pull-out include macroeconomic conditions such as inflation, rising interest rates and higher borrowing costs, which have hit the company, according to CEO Christian Boeing.

HelloFiber has already stopped building fibre networks in the municipalities of Beuren, Erkenbrechtsweiler, Frickenhausen, Grafenberg, Grossbettlingen, Kohlberg and Neuffen. The company planned to connect more than 15,300 households to the network.

In an exclusive statement to BroadbandTV News, Liberty Networks Germany said, “Over the last 12 months, Liberty Networks Germany has embarked on a project to assess the opportunities that may exist around building fibre-to-the-home greenfield networks by targeting a small number of under-served municipalities in the country. Having carefully reviewed the results, the partners in the JV have decided against proceeding with the next phase of the project.”

For more information, visit www.broadbandtvnews.com

liberty-global-pulls-german-fibre-operation

This article was written
by Peter Dykes

Peter Dykes is a independent telecoms and technology journalist who has over that last 30 years written for a wide range of B2B publications and companies. A former BT engineer, he specialises in networks and associated support systems. He is currently Editor of Optical Connections.