Caisse des dépôts et consignations invests in "Fiber to Home" project

Client(s) Caisse des dépôts et consignations

Jones Day advised the Caisse des dépôts et consignations (Banque des Territoires) in connection with its investment in a "Fiber to Home" public-private partnership project comprising the design, financing, construction, commercialization, operating, and maintenance of very high speed broadband in the territory of the Haute-Garonne under a public concession scheme. The contract was entered into with the company "Fibre 31" for a duration of 25 years. The closing of the financing plan allowed to mobilize €298 million of bank debt and contributions in equity of shareholders, which will come in addition to State participations for a total investment carried by Fiber 31 over the duration of the DSP estimated at €516 million. Fibre 31’s shareholders are Altitude THD Infrastructure (50%), the Caisse des dépôts et consignations (25%), and Marguerite (25%). The project is funded by a pool of seven lending entities. The fiber optic network will be deployed in nearly 280,000 homes, public institutions, and companies in Haute-Garonne by 2022.