Castrén & Snellman advised Finnish Valokuitunen Oy on the deal.
The EUR 20 million loan has been provided for the Finnish Valokuitunen Oy for financing the roll-out of new fibre-to-the-home network connections in residential neighbourhoods in Finnish growth centres and surrounding areas. The investment will provide new digital infrastructure and services and expand the coverage of high-speed fixed line connections.
The fibre network investment contributes to Finland’s national digital infrastructure strategy of providing a minimum of 100 Mbps internet connections to all households by 2025.
Established in 2020, Valokuitunen Oy is a joint venture between CapMan Infra and Telia Company focused on accelerating the roll-out of fibre networks in Finland.
CapMan is a leading Nordic private assets fund manager and a Finnish public company, and is invested in Valokuitunen through its CapMan Nordic Infrastructure I fund. CapMan Infra invests in sustainable energy, transportation and telecommunications infrastructure across the Nordics.
Telia Company AB is a Swedish multinational telecommunications company and mobile network operator present in Sweden, Finland, Norway, Denmark, Lithuania, Latvia and Estonia. Telia Company is headquartered in Sweden and is listed in Nasdaq Stockholm and Helsinki.
The Castrén & Snellman team included Tero Tuomisto (Picture), Mikko Heinonen and Pauliina Heikkonen.
Law Firms: Castrén & Snellman;
Clients: Valokuitunen Oy;