MEAG investors participate in the financing of Belgium's leading broadband infrastructure platform Wyre

Wyre operates the leading fixed broadband infrastructure network in Flanders and Brussels and benefits from long-term contractually secured revenues.

Acting on behalf of Munich Re and other institutional investors, MEAG has provided financing for Wyre. In the transaction, these MEAG clients are providing a mid-three-digit million euro amount in capital, making them cornerstone institutional financing partners for the company.

Wyre was established in 2023 as a joint venture between Telenet and Fluvius, combining their fixed infrastructure assets in Flanders and Brussels. It now operates the
passive broadband network across these regions. Wyre holds a strong position in the market and is expected to own and operate approximately 60% of the shared fiber network footprint in Belgium.

The financing serves to establish a standalone secured financing platform for Wyre. The funds will be used, for instance, to replace existing shareholder loans and support the company's long-term fibre roll-out programme.

Wyre's income is based on long-term wholesale agreements with leading telecommunications operators in Belgium, including Telenet and Orange Belgium. These contracts provide a stable foundation for predictable cash flows and support the continued development of the platform.

Wyre plans to expand its fibre-optic network to several million households by the early 2030s, thereby making a major contribution to Belgium’s digital transformation.

Michael Kittle, Head of Infrastructure Debt at MEAG: "Wyre plays a critical role in Belgium´s digital infrastructure landscape with strong market fundamentals and long term contracted revenues. This investment further enhances our portfolio of high-quality core infrastructure assets and reflects our disciplined approach to deploying capital into essential infrastructure businesses capable of generating stable, inflation-resilient returns for our investors.”

Işıl Tanrıverdi Versmissen, Head of Infrastructure Debt Transactions at MEAG: "We are proud to back Wyre's next phase of growth and the roll-out of critical fibre infrastructure across Belgium. This transaction highlights MEAG’s ability to provide substantial capital early in the investment cycle, supporting sponsors in scaling essential infrastructure while creating long-term value for our investors.”