Broadband infrastructure investments
CEBF’s strategy is to contribute to the roll-out of the wired and wireless Next Generation Access (NGA)
networks and ancillary telecom infrastructures in the European Union,
Norway and Iceland through financing of broadband infrastructure investments by
helping to attract private investments in digitally-deprived areas. CEBF features a down-side protection with its highly diversified investment strategy in greenfield future-proof
infrastructure assets in addition to a large first loss junior equity provided by the European Commission and the
European Fund for Strategic Investments (EFSI).
CEBF will invest through financing (mostly strong equity
minority positions sought and/or mezzanine/junior debt financing, with a ticket
size between €1 million and €30 million) of broadband infrastructure
investments technically and economically viable greenfield projects located in
grey or white NGA areas (i.e. most often semi-dense or rural areas).
The Fund is the first investment platform to support broadband
infrastructure under EFSI, the central pillar of the Investment Plan for
Europe. It is open to the participation
of private investors. CEBF responds to
the growing demand for financing of smaller-scale broadband projects across
Europe, which currently do not have easy access to funding. Support from the Fund will be complementary to
other financing currently available on the market through private or private
financial institutions and to existing EU financial instruments.
Cube has assembled a fully dedicated and very experienced European
telecom team with solid operational and engineering expertise, able to gauge
the quality of greenfield opportunities, to evaluate the risk/return profile
and to benefit from attractive value-for-price assets with their transactional