Deutsche Telekom to Buy Macquarie’s Polish Fiber, TV Assets For €1 Billion

Deutsche Telekom AG agreed to buy a fiber company and a television provider in Poland from Macquarie Asset Management for an enterprise value around €1 billion ($1.2 billion), part of the German company’s strategy to expand its broadband offering.

The telecommunications firm will add Fiberhost, an internet provider that serves 1.4 million homes, and Inea, a TV and broadband operator with more than 300,000 customers, to the T-Mobile Polska brand, it said in a statement Monday. It is purchasing the units from Macquarie’s European Infrastructure Fund and minority shareholders.

Private equity and infrastructure investors are increasingly searching to offload European fiber assets as higher interest rates, heavy debt and slower customer growth challenge the industry. That pressure is particularly acute in the UK and Germany, where rival networks have expanded aggressively.

Telecom operators are looking to increase sales by bundling broadband, mobile and entertainment services. Deutsche Telekom has tried boosting its T-Mobile Polska business with wholesale broadband agreements. Revenue for its Polish business grew 5.2% in 2025.

Macquarie agreed to buy a majority stake in Inea from Warburg Pincus in 2017 without detailing the financial terms. Inea split off its fiber network to form Fiberhost in 2021.

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