Investor Presentaiton
37
Digital Infrastructure
GlasDraad
GlasDraad was founded in 2017 on the initiative of TINC to provide
residents and businesses in rural parts of the Netherlands access to
a super-fast, reliable, and affordable fibre network.
Glas Draad creates network connections based on actual demand from
residents and companies who do not yet have broadband internet access.
It then operates these networks based on an 'open access' model, which means
that multiple service providers can provide customised content and packages
to their customers over the Glas Draad network. Glas Draad receives recurring
fees from internet service providers who deliver their content over the network
to end users, as well as fees from end users.
In April 2023, Glas Draad sealed a partnership deal with Dutch company
Glaspoort, a joint venture of KPN and APG (the administration and investment
arm of Dutch public pension fund ABP), which is also active in the roll-out
of fibre networks in the Netherlands. The two partners' geographic
complementarity enables them to considerably accelerate the roll-out of
super-fast fibre internet in the Netherlands: Glas Draad operates mainly
in rural areas, while Glaspoort operates in smaller municipalities, villages, and
industrial estates. The partnership will see Glaspoort acquire a 50% stake in
Glas Draad, with an option to acquire a 100% stake in the longer term at a price
to be based on, among other things, the number of connections and the
number of active users of the network. TINC and Glaspoort will jointly invest in
Glas Draad's development capacity in order to achieve their roll-out ambitions
in the Netherlands.
Stake
50.01%
DECENT WORK AND
8 ECONOMIC GROWTH
INDUSTRY, INNOVATION
AND INFRASTRUCTURE
SUSTAINABLE CITIES
AND COMMUNITIES
The pooled expertise of Glaspoort and Glas Draad and the use of the latest
technologies will undoubtedly benefit the customer experience. The two
companies' open access network will offer access to all telecommunications
providers.
TINC Investor Presentation 2022-2023.View entire presentation