APG Group NV (“APG”) – acting on behalf of its Dutch pension fund clients – has signed an agreement to strengthen the existing partnership with SiFi Networks America Limited (“SiFi” or the “Company”) by acquiring a 16.7% direct stake in the Company and establishing a joint venture (“Fiber JV”) to rollout open-access fiber-to-the-home (“FTTH”) networks in the US (the “Transaction”). This partnership, including APG’s US$500 million equity commitment to the Fiber JV, will contribute to bridging the digital divide in the US where over one-third of households do not have access to high-speed internet by offering fiber connections to those underserved communities. Whitehelm Capital (“Whitehelm”) will provide asset management services for the joint venture during the roll-out period.
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