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Cube, Partners Group – Acquisition of major broadband PPP in France

Cube Infrastructure and Partners Group-owned Covage has reached financial close on a major broadband PPP procured by southern France’s Hérault Department. The sponsor has raised EUR 183m of long-term debt to finance the construction of the Hérault Numérique FTTH network, with an aim to deploy fibre to 255,000 households and businesses in the next five years.