Ventizz retains 61% of Vitronet, which it acquired last year when the target was known as Conlinet Group, after selling 15% to RWE.
Germany-based power utility RWE has acquired a 15% stake in Vitronet Group, a local maker of glass fibre infrastructure products, from private equity firm Ventizz Capital Partners.
Ventizz retains 61% of Vitronet, which it acquired last year when the target was known as Conlinet Group.
Arndt Neuhaus, chief executive of RWE, said: "There is a backlog in the provision of broadband networks particularly in rural areas. At the same time we are strengthening our involvement in the development of smart…
