In June 2026, EQT Group and OMERS Infrastructure-backed Deutsche Glasfaser, the German wholesale fibre provider announced that it has completed a E7bn refinancing of the business following a High Court of London sanction - securing funding into the mid-2030s. 

While no financial terms were disclosed, TMT Finance has been tracking the classified restructuring process from the preliminary proposal distributed to lenders in December 2025 through to the final proposal agreed in May 2026, offering intelligence on the deal one to seven months ahead of the public announcement. 

Subscribers received real-time updates as the deal progressed, with access to 19 proprietary data points, on where the structure had to flex to hold lender support and what that reveals about pricing and appetite for the next deals in the pipeline. As the Deutsche Glasfaser announcement did not disclose financial terms, the full details of the final proposal remain proprietary.

While this E7bn process has reached its close, according to TMT Finance at least E3.5bn of German fibre paper remains live in the market. For infrastructure developers with maturities approaching, TMT Finance's loans database provides visibility on every other German fibre debt facility maturing in the next five years.

Above: List of German fibre providers' existing facilities and years since raised – Source: TMT Finance Data

The outcome of the Deutsche Glasfaser restructuring serves as a litmus test for the wider German fibre market as TMT Finance's March analysis identified - either stabilising financing conditions or forcing further restructurings into view. 

Subscribers are tracking the subsector deal by deal rather than waiting for outcomes, with access to over 30 data points on active advisors, structures, and lenders. With one smaller fibreco's amend & extend package already converting to debt talks earlier in the year, and two of the largest German fibrecos are also out to market with live financings - one multi-billion amend & extend and one revised accordion package - subscribers have access to real-time updates on how structures and borrowers are being impacted by lender appetite. 

TMT Finance subscribers can read our full, exclusive reporting in this area via our data and intelligence platform.

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