Cube holds €420m first close on broadband infra fund

Cube Infrastructure Managers (Cube IM) has held a €420 million first close for the Connecting Europe Broadband Fund (CEBF). The target size is around €500 million and it is supported by the European Commission, EIB, KfW Bankengruppe, Cassa depositi e prestiti (CDP) and Caisse des Depots et Consignations (CdC). The fund will invest a maximum of €30 million into each high-capacity broadband network project in poorly served areas of the European Union, Norway and Iceland.  

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