Societe Generale invests in OXG Glasfaser

On 1 September 2026, French financial institution Société Générale entered into a definitive agreement to acquire Patrick Drahi’s 50% equity stake in OXG Glasfaser, the German wholesale fiber-to-the-home (FTTH) joint venture. Following the transaction, Vodafone Group retains its 50% co-shareholding and continues to serve as the platform's primary industrial partner, maintaining an open-access wholesale model. The acquisition expands Société Générale’s direct exposure to core European digital infrastructure, providing defensive, inflation-protected cash flows underpinned by long-term FTTH utilization contracts. For Patrick Drahi, the divestiture executes on a broader capital reallocation program aimed at rationalizing non-core European broadband assets and optimizing group liquidity. Backed by Société Générale’s institutional balance sheet and long-term infrastructure investment mandate, OXG secures enhanced capital flexibility to accelerate its multi-billion-euro rollout program, aimed at connecting up to seven million German households. The stabilized 50/50 joint venture structure with Vodafone combines long-term institutional financing with established telecom operating capabilities, ensuring continuous wholesale take-up and positioning the platform to capture subsidized gigabit deployment across underserved metropolitan and rural corridors.