The FTTH rollout in Europe is progressing through customer-centricity and cashflow delivery, and as such, a growing number of operators are approaching refinancing in a more selective capital market. Lenders are reassessing debt capacity against penetration, wholesale demand, overbuild and the pace at which networks can generate sustainable cashflow. While banks, infrastructure debt funds, private credit and existing shareholders may all play a role, the availability and cost of capital will vary significantly by market, business model and maturity stage. The panel will explore:

• What will distinguish the FTTH platforms able to refinance from those requiring additional equity, restructuring or consolidation? And where are the success stories?
• How are lenders reassessing leverage, pricing, tenor and covenants? And how much strategic flexibility will new financing structures leave borrowers?
• Could securitisation emerge as a meaningful refinancing route for European FTTH, and what will it take for a fibre ABS market to develop?
• Which operating metrics, including take-up, ARPU and wholesale revenues, now matter most to debt providers?
• What will make fibre bankable again?