LBBW acts as cornerstone lender for French XpFibre

LBBW is participating in the 5.8 billion EUR financing of French fibre infrastructure company XpFibre. The company is one of the largest independent fibre optic operators in France.

XpFibre operates a wholesale open access network under a concession model and delivers high speed internet to approximately 25% of the French territory. With XpFibre having its focus on rural and underserved areas in France, the further network rollout is expected to result in a total of 7.3 million connections by the end of 2026.

XpFibre benefits from its network rollout having reached a mature stage, which is why the debt financing combines traditional bank facilities with institutional private placement notes. LBBW participates in the bank facilities including a capex facility to support the finalization of the rollout.

Jan Weismüller, Head of Infrastructure Financing at LBBW: "With this financing, we underline our role as a relevant partner for digital infrastructure financing across Europe. We are happy to have contributed to XpFibre´s credit facilities as a cornerstone lender and would like to offer our congratulations to the company and its shareholders on this milestone transaction.”