KfW IPEX-Bank will contribute USD 70 million to a fiber expansion project in the US. Future Fiber Networks LLC (“Future Fiber”) is a joint venture between the Dutch pension investment company Algemene Pensioen Groep (“APG”) and SiFi Networks America Limited (“SiFi”). Patrizia Infrastructure is acting as investment manager for Future Fiber on behalf of APG.

Future Fiber is to deploy fiber internet to the premise in mid-sized cities throughout the United States via a fiber wholesale business model. The cities are in the states of California, Illinois and Michigan.

With this financing KfW IPEX-Bank supports the digital transformation of the US market towards fiber.