Case study · Digital Infrastructure

Fibre-to-the-Home (FTTH) Council Europe

A strategic study for this multilateral industry body to assess the optimal financing and market stimulus approach to raise the envisaged €160bn required to bridge the FTTH Digital Divide

Deal value
€160m
Portland's role
Financial Advisor to FTTH Council Europe
Year
2012
Transaction background

Interviews: Most of the assignment focused upon wide-ranging intereviews with the various FTTH stakeholders covering finance, regulatory and operational aspects includging:

  • Finance – inftrastructure senior debt lenders/PPP lenders & bond issuers, multilateral lenders such as EIB and EBRD
  • Finance/Regulatory – Government departments/European Commission covering State Aid issues, grant funding and structural funds, allowable aid and state aid intensity
  • Operations – incumbent telecom companies, Altnet and fibre construction companies

Financial modelling: Detailed modelling of an agreed matrix of intervention areas, market take-up scenarios and financial structuring options Presentations: In-person presentation of findings/conclusions to large audiences at various FTTH Council conferences across Europe, and to the European Commission in Brussels