Vodafone’s OXG Fibre Venture Gets New 50% Investor to Drive €7 Billion Germany FTTH Expansion

Drahi Sells Stake in Vodafone’s German Fiber Venture to SocGen

Societe Generale SA will buy Patrick Drahi’s 50% stake in OXG, a German fiber joint venture with Vodafone Group Plc, as the heavily indebted billionaire continues to sell telecommunication assets.

Vodafone welcomes ‘committed funding’ of new German fibre partner

Patrick Drahi’s Altice has finally exited OXG Glasfaser, selling its 50% stake to Société Générale, underscoring Altice’s debt-reduction drive while reinforcing Vodafone’s long-term commitment to the OXG project.

Vodafone’s OXG Fibre Venture Gets New 50% Investor to Drive €7 Billion Germany FTTH Expansion

Vodafone Group is reshaping the ownership of its German fibre joint venture OXG as Societe Generale agrees to acquire the 50 percent stake currently held by Geodesia Holding, bringing a new funding partner into one of Germany’s largest fibre-to-the-home (FTTH) investment programmes. Under the proposed transaction, Societe Generale will acquire 50 percent of OXG Glasfaser […] The post Vodafone’s OXG Fibre Venture Gets New 50% Investor to Drive €7…