The purpose of the Fund is to contribute to the achievement of the European Gigabit Society objectives. The CEBF will invest in underserved areas where there are strong opportunities for profitability. Eligible countries for the CEBF are EU Member States, as well as Norway and Iceland.
The Rural Network (‘RuNe’) project is an example of such investment opportunity. RuNe seeks to bring very high quality connectivity to citizens and SMEs established in rural areas of the Republic of Slovenia and the Croatian Counties Primorsko-Goranska and Istarska.
The CEBF is a private equity fund which had its first closing in June 2018 at EUR 420 million to invest in greenfield projects in the broadband infrastructure space across underserved areas in Europe. The CEBF is managed by an independent investment fund manager, Cube Infrastructure Managers in Luxembourg, and anchored by the European Commission, the European Investment Bank (EIB), the German KfW Bankengruppe, the Italian Cassa Depositi e Prestiti (CDP) and France’s Caisse des Dépôts et consignations (CDC) alongside other European private investors.