Deutsche Telekom said on Wednesday it was founding a fibre-optic networks joint venture with regional utility EWE that aims to connect more than 1.5 million German households after winning antitrust approval for the deal to go ahead.
Glasfaser Nordwest, as the 50-50 joint venture has been named, will build out networks in northwestern Germany while also offering access to third-party providers at “fair market prices”, Deutsche Telekom said in a statement.
Germany’s antitrust watchdog cleared the joint venture in December after its owners promised to provide fair third-party access, addressing complaints from the industry that Deutsche Telekom was intent on crushing competition.
Full Content: Reuters
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