GlobalConnect Denmark buys nationwide reach
GlobalConnect Denmark has agreed to acquire Danish broadband provider Wizer, which has fibre infrastructure covering approximately 20,000 homes in the country.
The assets will come under the ownership of Onefiber, GlobalConnect's operating name for Danish FTTH. The purchase price is "an undisclosed three-digit million DKK" figure.
The acquisition follows that of Open Universe from Telenor Sweden and aligns with the group's aims to grow both organically and inorganically in all its markets.
Martin Lippert, CEO GlobalConnect Group said: “This latest acquisition significantly grows our footprint in Denmark, and we will continue to explore possible acquisitions across all our markets, given that they can contribute to an even stronger offering to our customers and fit into our strategy.”
Wizer was known as GigaBit until 2021. It was established in 2013 by Baldur Norddahl and Mads Bennedbæk initially offering 1Gbps at the same price customers paid for lower speeds. The fibreco started to build its own network in 2017.
The agreement has been signed, and the transaction is expected to be finalised in May 2022.
Earlier this week GlobalConnect Denmark said its network had now passed the 100,000km milestone, with the EQT-owned company claiming the title of the largest interconnected network in the region.