CMS has advised Niederosterreichische Breitband Holding on its selection of Allianz Capital Partners as a partner on a potential EUR 300 million investment package involving a broadband network in Lower Austria. Eisenberger & Herzog advised Allianz Capital Partners on its successful bid.
The parties are in the final stage of negotiations for the investment package and closing is expected by the end of the year.
According to CMS, as a result of this project, a total of around 140,000 households in communities of fewer than 5,000 inhabitants will be provided with high-speed broadband Internet access between 2020 and 2022. “With the rollout of the future-proof fibre-to-home network in rural regions, the Province of Lower Austria and Allianz Capital Partners will close the gap with the better-served urban areas,” CMS reports. The 3 Layer Open Access model, open to all Internet service providers, will allow customers to choose suppliers for broadband services.
The CMS team consisted of Partners Thomas Hamerl and Clemens Grossmayer and Associates Marlene Wimmer-Nistelberger, Ruth Bittner, and Marco Selenic.
The Eisenberger & Herzog team was led by Partner Michael Strenitz, supported by Partners Clemens Lanschutzer and Ulrike Sehrschon and Associates Matthias Eberle and Isolde Klinger.