European provider of bandwidth infrastructure acquires Belgian dark fiber network
Deal Flash
Engie Electrabel has sold its dark fiber activity to euNetworks.
Engie Electrabel’s dark fiber activity comprises 1,660 km of dark fiber underground network, co-owned by utility companies and Engie Electrabel. Their products include a duct-based network covering approximately 89% of Belgian long-haul routes, close to 13 data centers and more than 2,500 towers.
We worked with Oaklins because we believed that their team, with relevant TMT sector expertise, was best positioned to advise us on this transaction. Oaklins has proven to be a trusted partner, offering an excellent service tailored to our needs. They delivered practical advice at critical moments, and their process management was instrumental in providing us comfort and support.YVES LACOMBLE, SENIOR M&A ADVISOR, ENGIE ELECTRABEL, BELGIUM
Oaklins assisted in finding a suitable partner
Oaklins’ team in Belgium acted as the exclusive M&A advisor to Engie Electrabel. Leveraging its deep expertise in TMT and a comprehensive preparation process enabled the team to position Engie Electrabel’s fiber activity as a unique asset in the dark fiber infrastructure, with great upside potential.
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