The telecommunications infrastructure industry in DACH focuses on the essential networks and services that facilitate communication. It includes companies involved in building and managing telecommunications systems, such as fiber optics, mobile networks, and satellite communications. As demand for speed and connectivity grows, advancements in 5G technology and IoT (Internet of Things) are shaping the future. Businesses are increasingly investing in robust networks to meet the rising expectations of consumers and enterprises. Furthermore, with the push for digital transformation, the industry is evolving rapidly to support new applications and enhanced connectivity for Smart Cities and remote work solutions.


The list includes a range of investors from private equity firms to corporate and venture capital players, each with unique specialties. While investor sizes vary from small teams to large institutions, all players are strategically positioned, with headquarters in cities like Munich, Zurich, and Frankfurt. Founded between the mid-19th century and modern times, these investors reflect both historical strength and contemporary agility, completing more than 150 deals in 2024 to bolster their positions within telecommunications infrastructure.


Top 12 Telecommunications Infrastructure Investors in DACH


1. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG is a prominent investment bank and financial services provider based in Frankfurt, Hesse, Germany, founded in 1870. The bank offers a wide range of solutions, including investment banking, corporate banking, cash management, trade finance, and securities services. It serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. Notably, Deutsche Bank has been involved in several significant transactions in the telecommunications infrastructure sector, including: 1) Rostelecom, where it raised $237 million in Post-IPO equity in 2013; 2) NBN Co, which secured $1.4 billion in debt financing in 2023; 3) Vertical Bridge Holdings, raising $500 million in debt financing in 2014; 4) CityFibre, which raised approximately $1.4 billion in debt financing in 2018; and 5) DC BLOX, which received undisclosed debt financing in 2019. These transactions highlight Deutsche Bank's active role in supporting the telecommunications infrastructure industry.


2. Swisscom Ventures


Swisscom Ventures is a venture capital firm based in Zurich, Switzerland, founded in 2007. The firm specializes in investing in high-potential technology startups and provides both financial support and strategic advisory services to help these companies access technical infrastructure and market channels. Swisscom Ventures operates across various technology sectors, including AI and Fintech, but has also made significant investments in telecommunications infrastructure. For instance, they participated in a $75 million Series D funding round for Actility, a leading provider of network solutions for the IoT market, and were involved in a $30 million Series C funding round for Tibit Communications, which focuses on access devices for Passive Optical Networking (PON). These transactions demonstrate Swisscom Ventures' commitment to supporting innovative companies that enhance telecommunications infrastructure.


3. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and is recognized for its innovative investment strategies and commitment to sustainability. In the telecommunications infrastructure space, Partners Group has made significant investments, including a 75% equity stake in EOLO, Italy's largest fixed wireless access broadband provider, valued at over €1.2 billion. They also acquired Axia NetMedia, a Canadian fibre business, marking their second investment in the fibre sector within a year. Furthermore, Partners Group provided equity for the Seaborn Networks subsea cable project, which connects New York and Sao Paulo, showcasing their active role in financing critical telecommunications infrastructure projects. These transactions highlight Partners Group's strategic focus on enhancing telecommunications capabilities globally.


4. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a prominent technology conglomerate with a workforce of approximately 320,000 employees. The company specializes in industrial automation, energy solutions, rail transport, and health technology, providing innovative products and services across various sectors. Notably, Siemens has made strategic acquisitions that enhance its capabilities in telecommunications infrastructure. For instance, the acquisition of Garderos Software Innovations GmbH in 2005, a company focused on operational support systems (OSS), demonstrates Siemens' commitment to improving telecommunications services. Additionally, their acquisition of the eHouse manufacturing division of Integrated Electrical Services, Inc. in 2010, which is involved in electrical and communications services, further solidifies their position in the telecommunications infrastructure space. These transactions highlight Siemens' active role in the telecommunications sector, making them a significant player in this industry.


5. Deutsche Telekom

  • Website: telekom.com
  • Type: Corporate
  • Headquarters: Bonn, North Rhine-Westphalia, Germany
  • Founded year: 1995
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: telekom

Deutsche Telekom AG, founded in 1995 and based in Bonn, North Rhine-Westphalia, Germany, is a prominent corporate investor in the telecommunications sector. With a workforce of over 10,000 employees, the company provides a comprehensive range of services, including mobile communications, fixed-network, broadband, and ICT solutions for both consumers and businesses. Deutsche Telekom has a strong presence in over 50 countries, focusing on delivering integrated digital solutions to enhance connectivity and support digital transformation. Notable transactions include the acquisition of T-Mobile for approximately $1.13 billion in 2014, which significantly bolstered their mobile communications portfolio. Additionally, their planned acquisition of GTS Central Europe for €546 million aimed to enhance their fixed-line capabilities and expand telecommunications services across Central Europe. Furthermore, Deutsche Telekom has invested in innovative companies like Teridion Technologies and 1NCE, which are focused on advancing telecommunications infrastructure and IoT solutions, respectively. These strategic investments and acquisitions underscore Deutsche Telekom's commitment to strengthening its telecommunications infrastructure and expanding its service offerings.


6. Dtcp


DTCP is an investment firm based in Hamburg, Germany, specializing in Growth Equity and Infrastructure. Founded in 2015, DTCP focuses on investing in transformative technology leaders and digital infrastructure to support their growth and accelerate digital transformation. The firm has been involved in several relevant transactions in the telecommunications infrastructure space, including a $32 million Series B funding round for Cellwize, an Israeli startup specializing in mobile network automation, and a $6 million Series A investment in RtBrick, a cloud-infrastructure networking startup. These investments highlight DTCP's commitment to enhancing digital infrastructure and supporting companies that are pivotal to the telecommunications industry.


7. Deg

  • Website: deginvest.de
  • Type: Corporate
  • Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
  • Founded year: 1962
  • Headcount: 501-1000
  • Number of deals in 2024: 17
  • LinkedIn: deg

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is a public entity based in Neunkirchen, North Rhine-Westphalia, Germany, founded in 1962. As a development finance institution, DEG focuses on sustainable development and job creation by providing long-term financing and advisory services to private enterprises in developing and emerging markets. DEG supports businesses across various sectors, including agriculture, manufacturing, and infrastructure. Notably, DEG has been involved in significant transactions within the telecommunications infrastructure space, such as participating in a funding consortium for Africa Mobile Networks, which aims to expand connectivity to rural areas by establishing over 5,000 towers across more than 15 countries. Additionally, DEG contributed to the debt financing of Liquid Intelligent Technologies, which raised $840 million, and AXIAN, which raised $84 million, both of which are key players in the telecommunications sector. These transactions highlight DEG's commitment to enhancing telecommunications infrastructure in emerging markets.


8. Momenta

  • Website: momenta.one
  • Type: Venture Capital
  • Headquarters: Engelberg, Obwalden, Switzerland
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: momentapartners

Momenta is a venture capital firm based in Engelberg, Obwalden, Switzerland, founded in 2012. The firm specializes in industrial impact and digital transformation, providing strategic investments and advisory services to Fortune 500 companies and innovative startups across sectors such as energy, manufacturing, smart spaces, and supply chain. In the telecommunications infrastructure context, Momenta has made notable investments, including in Thingstream, a Zurich-based provider of IoT Connectivity-as-a-Service. This investment highlights Momenta's commitment to enhancing operational efficiency and driving sustainability in critical industries, including telecommunications. Additionally, Momenta has participated in seed rounds for companies like Axino Solutions and Expeto, which may also have relevance in the telecommunications space, although specific details on their telecommunications focus are less clear.


9. Deutsche Beteiligungs AG

  • Website: dbag.com
  • Type: Private Equity
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1965
  • Headcount: 51-200
  • Number of deals in 2024: 2
  • LinkedIn: deutsche-beteiligungs-ag

Deutsche Beteiligungs AG is a private equity firm based in Frankfurt, Hesse, Germany, founded in 1965. The firm specializes in investments in mid-sized companies and focuses on providing capital and advisory services to enhance the growth potential of its portfolio companies. Their investment strategy encompasses various sectors, including telecommunications, IT services, software, and healthcare. Notably, Deutsche Beteiligungs AG has made significant investments in the telecommunications infrastructure space, including the acquisition of a majority stake in Netzkontor Nord, a telecommunications service provider, in January 2018. They have also participated in funding rounds for companies like Vitronet Group, DNS:Net, and inexio, which further demonstrates their commitment to the telecommunications sector. With over 55 years of experience, Deutsche Beteiligungs AG operates a successful fund advisory business, making them a notable player in the telecommunications infrastructure investment landscape.


10. Speedinvest

  • Website: speedinvest.com
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these startups scale their operations. Their investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, Speedinvest has been involved in several funding rounds for Sipwise, a company that specializes in telecommunications solutions. Their investments in Sipwise include a Seed Round in 2011, Series A rounds in 2012 and 2014, and additional venture funding in 2016 and 2017, totaling over $3 million. This involvement highlights Speedinvest's engagement in the telecommunications infrastructure space, showcasing their capability to support companies that enhance telecommunications services.


11. Earlybird Venture Capital


Earlybird Venture Capital is a venture capital firm based in Germany, founded in 1997. The firm specializes in investing in European technology innovators, providing financial resources and strategic support to early-stage startups. Their investment strategy emphasizes nurturing companies through funding and mentorship, helping them navigate growth challenges. Among their notable transactions, Earlybird has invested in NFON, a company that offers cloud-based communication solutions, which is relevant to the telecommunications infrastructure sector. Additionally, they have participated in funding rounds for Esmertec, a company involved in mobile software solutions, further showcasing their engagement in technology sectors that intersect with telecommunications.


12. Wellington Partners


Wellington Partners is a venture capital firm based in Munich, Bavaria, Germany, founded in 1998. The firm specializes in life sciences, focusing on early- and growth-stage companies in sectors such as therapeutics and medical devices. However, Wellington Partners has also made notable investments in the telecommunications sector, including their involvement with Truphone, a VOIP company, where they participated in both Series A and Series B funding rounds. Additionally, they invested in WLAN AG, which is related to wireless networking technology. These transactions highlight their capability and interest in supporting innovative technologies that intersect with telecommunications infrastructure, despite their primary focus on life sciences.



Telecommunications Infrastructure Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Swisscom VenturesZurich, Zurich, Switzerland11-5020074
Partners GroupBaar, Zug, Switzerland1001-5000199619
SiemensMunich, Bavaria, Germany10001+184711
Deutsche TelekomBonn, North Rhine-Westphalia, Germany10001+19951
DtcpHamburg, Hamburg, Germany51-20020156
DegNeunkirchen, North Rhine-Westphalia, Germany501-1000196217
MomentaEngelberg, Obwalden, Switzerland11-5020127
Deutsche Beteiligungs AGFrankfurt, Hesse, Germany51-20019652
SpeedinvestVienna, Vienna, Austria51-200201145
Earlybird Venture CapitalGermany51-200199729
Wellington PartnersMunich, Bavaria, Germany11-5019989


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