Led by partner Carla Luh, global law firm Hogan Lovells has advised German fibre provider Stiegeler Group on securing a EUR 58 million (including accordion facilities) financing package from Kommunalkredit Austria AG.
Stiegeler Group is a founder-managed internet provider in rural areas, owned by Felix Stiegeler and German growth investor Adiuva Capital. Stiegeler provides Internet, telephone and television for over 40.000 households and companies in southwest Germany. At the same time, the black-forest-based company is pushing ahead with the expansion of modern fiber networks and advises municipalities and associations on this, focusing on underserved regions. This financing will support Stiegeler’s future business plan for connecting more local communities to a FTTH network.
“Expanding access to high-speed fibre internet is not only a business opportunity, but also a way to bridge the digital gap. Our commitment to helping our clients secure the necessary financing underlines our ambition to drive this vision forward. With our extensive expertise and proven track record in infrastructure projects, we are well placed to manage the complexity of this endeavour”, expressed Carla Luh, head of the German financing practice at Hogan Lovells.
Hogan Lovells has provided comprehensive advice to Stiegeler in all legal aspects of the financing process.
Hogan Lovells team for Stiegeler Group
Dr Carla Luh (Partner), Julian Schmidt, Georg Joecker (Associate), Julian Schulz (Trainee Solicitor) (Finance / Infrastructure)
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