Altice Europe has created Fastfiber, incorporating Altice Portugal FTTH and MEO’s fibre assets in Portugal, including fibre-to-the-home (FTTH) and dark fibre.
MEO is a subsidiary of Altice Europe.
The new FTTH wholesaler is the result of a deal with Morgan Stanley Infrastructure Partners. In December, MEO agreed to sell a 49.99% stake in Altice Portugal FTTH to Morgan Stanley Infrastructure Partners, based on a value of €4.63 billion.
European first
At the time, the company said the deal would create “the only truly nationwide fibre wholesaler in Europe” and claimed it would be the first time in Europe that an incumbent telecom operator has separated its fibre into a dedicated wholesale vehicle.
Fastfiber will sell wholesale services to all operators at the same financial terms. MEO will sell technical services to Fastfiber for the construction, maintenance and subscriber connection to the fibre network.
Fastfiber is the largest FTTH wholesaler in Portugal – Altice Portugal FTTH passed 40 million homes by the end of last year, Altice Europe says.
Following cellular moves
In January Cellnex reached an agreement with Altice Europe and Belmont Infra Holdings to acquire the 100% of their Portuguese telecoms towers and sites operator OMTEL for an equivalent of €800 million.