GlasfaserPlus Valuation, Funding & Investors

GlasfaserPlus is valued at $1B as of February 2022.

Last GlasfaserPlus valuation

$1B

Secondary · Feb 2022

Key investors in GlasfaserPlus

  • IFM Investors

GlasfaserPlus Overview

About GlasfaserPlus

GlasfaserPlus is a German wholesale fibre network operator formed as a joint venture with Telekom Deutschland. It builds and operates an open-access fibre-to-the-home network in rural and underserved parts of Germany, with a build programme of about four million lines between 2022 and 2028. Capacity is sold on a wholesale basis to retail telecommunications providers.


HQ

GermanyGermany

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Feb 2022)

GlasfaserPlus Valuation

GlasfaserPlus is currently valued at $1B, based on its secondary sale in February 2022.

The round included IFM Investors.

GlasfaserPlus valuation by funding round

GlasfaserPlus valuation by funding round
DateStageValuation
Feb 2022Secondary$1B

GlasfaserPlus Funding History

GlasfaserPlus has 1 recorded secondary share sale and no primary funding rounds.

GlasfaserPlus funding rounds
DateStageInvestorsValuationDeal Summary
Feb 2022SecondaryIFM Investors$1BThe IFM Global Infrastructure Fund acquired a 50 per cent stake in GlasfaserPlus GmbH from Telekom Deutschland, a subsidiary of Deutsche Telekom. The agreed purchase price was EUR 900 million, equivalent to approximately USD 1,021 million at the February 2022 average EUR/USD rate of 1.13419 (Frankfurter/ECB reference rates), with half payable at closing and the balance as the build-out progresses. The agreement was announced on 5 November 2021 and IFM records the acquisition as at 1 February 2022. Deutsche Telekom valued the joint venture at about EUR 1.8 billion. GlasfaserPlus is responsible for rolling out and operating an open-access fibre-to-the-home network in rural and underserved parts of Germany, with a programme of about four million gigabit-capable lines between 2022 and 2028. Capacity is sold wholesale to retail telecommunications providers. Latham and Watkins advised IFM Investors on the joint venture. Deutsche Telekom retained the other 50 per cent.

Who has invested in GlasfaserPlus?

1 investor has backed GlasfaserPlus across its funding rounds, including IFM Investors.


GlasfaserPlus Investors

Investors in GlasfaserPlus by funding rounds participated
InvestorHQRoundsRoleFirst check

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GlasfaserPlus Competitors

GlasfaserPlus competitors include listed companies like Superloop, Service Stream, Tejas Networks and Liberty Capital, and private ones like Tarana Wireless and Helium.

Public and private companies comparable to GlasfaserPlus
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Tarana WirelessUnited StatesSan Jose, CAPrivate$100M-$1B10.0x
SuperloopAustraliaAustraliaPublicly listed$389M$53M$993M2.2x
Service StreamAustraliaAustraliaPublicly listed$1.7B$101M$1.1B0.6x
Tejas NetworksIndiaIndiaPublicly listed$114M($70M)$973M-
Liberty CapitalUnited StatesUnited StatesPublicly listed$952M($79M)$968M1.7x
HeliumUnited StatesSan Francisco, CAPrivate--$1.2B-

GlasfaserPlus Public Comps

GlasfaserPlus is still privately-owned, but its public comps include Superloop, Service Stream, Tejas Networks, Liberty Capital, Macquarie Technology Group, Genew, Priortech, RailTel Corporation, Hexatronic Group and EuroTeleSites.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Superloop$389M$53M2.8x2.2x20.7x11.9x
Service Stream$1.7B$101M0.6x0.6x10.7x9.0x
Tejas Networks$114M($70M)11.9x-(19.3x)-
Liberty Capital$952M($79M)1.8x1.7x(22.2x)4.4x
Macquarie Technology Group$263M$81M3.9x3.6x12.6x12.2x
Genew$131M$1M7.4x6.6x704.9x36.6x
Priortech$883K-1431.4x---
RailTel Corporation$445M$66M1.8x1.6x12.1x11.2x

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Common questions about GlasfaserPlus

Where is GlasfaserPlus headquartered?GlasfaserPlus is headquartered in Germany.
Is GlasfaserPlus publicly listed?No, GlasfaserPlus is a private, VC-backed company.
What is GlasfaserPlus' valuation?GlasfaserPlus was last valued at $1B in its secondary sale in February 2022.
Who are GlasfaserPlus' investors?GlasfaserPlus' investors include IFM Investors.
Which companies are comparable to GlasfaserPlus?Companies comparable to GlasfaserPlus include Tarana Wireless, Superloop, Service Stream, Tejas Networks, Liberty Capital and Helium.

See companies similar to GlasfaserPlus

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