Deutsche Glasfaser Looks for Options in Case Funding Plans Fail

Group 1 - Deutsche Glasfaser is exploring options in case its plan to raise preferred equity fails, working with Lazard Inc and undergoing an independent business review by Boston Consulting Group [1][3] - The company is currently attempting to raise preferred equity, with Goldman Sachs Group Inc. managing the fundraising efforts, which have not yet resulted in a deal [2][3] - Shareholders are willing to commit €600 million ($705 million) of equity or more, but capital raising has been challenging due to higher construction and financing costs [2][3] Group 2 - Deutsche Glasfaser has a debt package of around €7 billion, which was used to fund its fiber-to-the-home rollout in rural and suburban Germany [4] - The company was acquired by EQT and OMERS in 2020, with EQT holding a 51% stake and OMERS holding 49% [4] - Deutsche Glasfaser competes with Deutsche Telekom AG and smaller players in the fiber sector, which has relatively low penetration in Germany [4]