What was once hailed as the great infrastructure promise of the early 2020s is now under massive economic pressure. Having initially been slowed by operational hurdles – ranging from complex approval procedures and skilled labour shortages to high rollout costs – headlines
are now dominated by insolvencies, restructurings and write-downs. Moreover, fresh capital is flowing almost exclusively into safeguarding existing investments. What was once a rollout problem has become a serious economic problem.
Three Market Hypotheses
Building on our survey-based analysis of fibre rollout from March 2025, we have continued to monitor the market. In this study, we analyse current developments along three hypotheses:
Hypothesis 1:
"Difficult monetisation of the network level 4 (NE4) rollout will significantly delay the rollout from fibre-to-the-building (FTTB) to FTTH".
Hypothesis 2:
"Without open access, many network investments cannot be successfully monetised".
Hypothesis 3:
"The impairment risk associated with fibre infrastructure continues to rise".
“The key question in the German fibre market is no longer how fast we build, but how we operate what has been built in an economically viable way. Those who fail to focus on monetising their networks today risk jeopardising their value tomorrow.“
Download the study
Fibre in Germany – A Market Under Monetisation Pressure
Fibre Quick Check: Is Your Fibre Business Future-Proof?
Our Fibre Quick Check provides an initial assessment of the future viability of your fibre business. Using our standardised approach, we analyse key elements of your business model, including:
- Market positioning and strategic positioning
- Rollout and investment planning, as well as depreciation
- Subsidies
- Monetisation
- Operational efficiency
- Financing
- Impairment risk
- Scenario analysis and stress testing
Interested? Get in touch – we look forward to supporting you.
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