Stadtwerke Itzehoe and Stadtwerke Neumünster have partnered to drive the fibre-optic expansion in Itzehoe and the surrounding municipalities, aiming to provide every household in the region with a connection to the fibre-optic network. Stadtwerke Neumünster is the operator of the largest fibre-optic network in Schleswig-Holstein. After securing sufficient demand in the pre-marketing phase, the municipal utility company will also assume responsibility for the network and its operation in Itzehoe. The project was initiated by Erik Dittrich, Managing Director of Stadtwerke Itzehoe, and Achim Ritter, Head of Finance and Controlling.
The BBH group advised Stadtwerke Itzehoe throughout the contractual negotiations and supported its corporate bodies during the approval process. The set of agreements included a project development agreement, purchase agreements, a lease agreement and several ancillary agreements. The BBH group can draw on its long-standing and extensive experience in this context. Lawyer and BBH partner Julien Wilmes-Horváth, who heads the telecommunications practice at BBH, acted as lead counsel in the project. He commented: “With many years of experience in the fibre-optic segment, Stadtwerke Neumünster is a strong partner for a network expansion project of this scale with an anticipated investment volume of more than €40 million.” His co-counsel and colleague in the project, BBH partner and lawyer Jan-Hendrik vom Wege added: “For the expansion to proceed, a pre-marketing quota of at least 26 percent will have to be achieved. If this target is reached by spring 2026, Stadtwerke Neumünster will assume responsibility for the network and its operation.”
Both BBH partners expressed their gratitude to BBH lawyer Jannika Kowaleski (company law, contract law) and lawyers and BBH partner counsels Dr. Philipp Bacher (company law) and Dr. Holger Hoch (antitrust law) as well as BBH lawyer Robert Grützner (telecommunications law), acknowledging their valuable expertise and experience in complex transaction projects and strategic partnerships.
With more than 700 employees, 7,000 clients and 7 offices, the BBH group is a leading provider of advisory services to energy and infrastructure companies and their customers. Energy and supply companies, particularly public utilities, municipalities and local authorities, industrial companies and international groups are among its core clients. The BBH group assists these and many other companies and organisations with legal, business and strategic advice.
Contact:
Prof. Dr. Ines Zenke
Rechtsanwältin/Lawyer, Partner
Phone +49 (0)30 611 28 40-179
ines.zenke@bbh-online.de
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