Agenda

08:00-09:00

TMT Finance Editorial View: Debt outlook for 2026

Speaker

Maisie Clarke - Editor, Head of Financing Coverage, TMT Finance

The TMT Finance editorial team present deal data and pipeline for the EMEA market in 2025. A detailed breakdown of announced and expected debt financing across all digital infrastructure asset classes.

Speaker

Maisie Clarke
Editor, Head of Financing Coverage
TMT Finance

09:20-09:35

Headline Interview: How are sponsors deploying differentiated pools of capital across digital infrastructure?

09:35-10:15

Digital Infra Leaders: How consolidation and capital rotation is restructuring the sector's value equation

Moderator
Andrew Kenning – Partner, A&O Shearman
Speakers
Jim Ryan – Chief Strategy Officer, Liberty Global
William Lindstrom – Managing Director, EQT

Which digital infra sectors are outperforming on value creation and yields?
How are valuation resets reshaping investor expectations?
How are operators and investors adapting strategies as capital becomes more selective?

Moderator

Andrew Kenning
Partner
A&O Shearman
Speaker

Jim Ryan
Chief Strategy Officer
Liberty Global
Speaker

William Lindström
Managing Director
EQT

10:15-10:55

Datacentre Leaders Panel: How are we sourcing capital to fund the next phase of growth?

Moderator
David Hart – Partner, Baker McKenzie
Speakers
Randy Brouckman – CEO, EdgeConneX
Richard Bienfait – CFO, STACK EMEA
Alexis Kantt – Managing Director, Blackstone

What datacentre financing models will gain prevalence in Europe?
Are private credit, sovereign wealth, real estate and infrastructure funds crowding into the same datacentre deal pool?
Is ultra-high leverage the future of datacentre financing?
How are investor mandates evolving to reflect AI and sustainability trends?

Moderator

David Hart
Partner
Baker McKenzie
Speaker

Randy Brouckman
CEO
EdgeConneX
Speaker

Richard Bienfait
CFO
STACK Infrastructure EMEA
Speaker

Alexis Kantt
Managing Director
Blackstone

10:55-11:25

Morning Networking Break

11:25-12:05

M&A Leaders Panel: Strategics or sponsors - who's in the driving seat for transactions in 2026?

Moderator
Eva Talmacsi – Partner and Co-Head of TMT CEE, CMS

What trends are reshaping transaction structures?
How are buyers pricing growth v. defensive acquisitions?
Are we seeing renewed confidence in asset synergies and/or platform expansion?

Moderator

Eva Talmacsi
Partner
CMS

12:05-12:20

Keynote Presentation

Speaker
Stuart Cockburn – Partner, AlixPartners

Speaker

Stuart Cockburn
Partner
AlixPartners

12:20-13:00

Fibre Leaders Panel: What's the next chapter in the wholesale fibre monetisation story?

Moderator
Richard Morgan – Partner, Analysys Mason
Speakers
Katherine Alexakis – CFO, euNetworks
Jennifer Smith – CFO, Zayo Europe
Jim Fagan – CEO, EXA Infrastructure
Dan Harris – CFO, Colt Technology Services
Maximilian Linder – Partner, Antin

M&A execution – integrating pan-European fibre platforms
Are traditional dark fibre routes still attractive to private capital?
What new approaches are providing key differentiations and re-drawing battle lines?
Are asset-light SPVs or NetCo carve-outs proving more effective?

Moderator

Richard Morgan
Partner
Analysys Mason
Speaker

Katherine Alexakis
CFO
euNetworks
Speaker

Jennifer Smith
CFO
Zayo Europe
Speaker

Jim Fagan
CEO
EXA Infrastructure
Speaker

Dan Harris
CFO
Colt Technology Services
Speaker

Maximilian Lindner
Partner
Antin Infrastructure Partners

13:00-14:00

Networking Lunch

Leadership Stage

Spotlight Stage

Executive Boardroom

14:00-14:20

Behind the Deal

An opportunity to unpack one of the year’s most significant digital infrastructure transactions – including the key milestones, strategic decisions and innovative approaches. Expect a view of the value creation thesis and financing structures behind the deal.

14:00-14:40

Panel: Build, buy or backtrack - strategic forks in German fibre

Speakers
Klaus Hoelbling – Head of TMT, EMEA, AlixPartners
Gerhard Mack – Chairman of the Board, metrofibre

Is M&A picking up or plateauing?
How is refinancing risk impacting operator strategy?
Is capital reallocation and M&A signalling a shift from build to buy?
How are investors pricing operator performance?
Do €1 transactions mark opportunistic entry points or market distress?

Speaker

Klaus Hoelbling
EMEA Leader, TMT Partner and Managing Director
AlixPartners
Speaker

Gerhard Mack
Chairman of the Board
metrofibre

14:00-14:40

Executive Boardroom: How are the numbers stacking up for the CEE tower market?

What benchmarks are being used to assess emerging portfolios?
How are investors weighing asset control against yield?
How is tenancy maturity affecting debt sizing and exit multiples?

14:20-14:40

Fireside Chat: Building AI at scale - what makes a Neocloud investable?

A view from a Neocloud provider on emerging business models, finance structuring and short to mid-term outlook. This fireside chat will explore:

GPUaaS, PAYG chip rental – what are the benefits of the different models?
What are the emerging GPU cloud capital structures?
Are Hyperscalers direct clients, or will there be intermediaries?
How are providers mitigating stranded capacity risk?

14:40-15:20

Panel: How are Hyperscale leases rewriting the financing playbook?

Speakers
David Bloom – Chairman, Kao Data

How are lease length and renewal options shifting in response to the surge in AI-driven demand?
How are localisation strategies evolving to meet tenant and regulatory demands?
What offtake structuring trends are shaping lease and financing negotiations?

Speaker

David Bloom
Chairman
Kao Data

14:40-15:20

Panel: Is Spanish fibre entering a new investment cycle?

Speakers
Jose Antonio Vazquez Blanco – CEO, Onivia
Andrea Liboreiro – CEO, Elanta
Victor Pons Mesman – CFO, Lyntia Networks
Gonzalo Pansard – CEO, Axent

How are minority stake sales in JVs influencing valuation benchmarks?
What are the impacts of recent shifts in competitive dynamics?
How will CNMC deregulation alter debt terms, equity valuations, and deal timing

Speaker

José Antonio Vázquez
CEO
Onivia
Speaker

Andrea Liboreiro
CEO
Elanta
Speaker

Victor Pons Mesman
Group CFO & CSO
Lyntia
Speaker

Gonzalo Pansard
CEO
Axent

14:40-15:20

Executive Boardroom: How are investors building multi-asset portfolios?

Speakers
Philipp von Bismarck - Managing Partner, DTCP

What portfolio synergies are LPs and GPs actively seeking?
How are funds investing across datacentres, fibre and towers? And how are they expanding to other asset classes such as power?
How are strategies influencing valuation and exit optionality?
Are integrated plays outperforming single-asset strategies?

Speaker

Philipp Von Bismark
Managing Partner
DTCP

15:20-16:00

Panel: What's fuelling the new tower M&A wave?

Speakers
Nicolas Mahler – CFO, Vantage Towers
Manjit Dhillon – Group CFO, Helios Towers
Jani Koskinen – CFO, Digita Oy

What are the barriers for tower roll-ups in urban areas?
Will small cell deployments attract strategic acquisition interest from tower investors?
Is integration between tower and fibre infrastructure unlocking new acquisition opportunities?
What is the broadcast tower opportunity and outlook?

Speaker

Nicolas Mahler
CFO and Interim CEO
Vantage Towers
Speaker

Manjit Dhillon
Group CFO
Helios Towers
Speaker

Jani Koskinen
CFO
Digita Oy

15:20-16:00

Panel: What will define value creation for French fibre in 2026?

Speakers
Lionel Recorbet – CEO, XpFibre
Nicolas Aubé – Owner and CEO, CELESTE
David Elfassy – Vice President, Altitude Group

What lessons have been learnt from 2025 refinancing?
Where will the next carve-outs emerge?
What will drive the next wave of consolidation?
Are investors favouring wholesale-only platforms, integrated telco carve-outs, or public-private structures?

Speaker

Lionel Recorbet
CEO
XpFibre
Speaker

Nicolas Aubé
Founder and CEO
CELESTE
Speaker

David Elfassy
Vice President
Altitude Group

15:20-16:00

Executive Boardroom: Re-engineering the capital stack - is securitisation Europe's datacentre future?

How are rating agencies adapting to the nuances of datacentre cash flows and construction risks?
Which datacentre assets are being packaged into securitisation structures?
Can European assets match the scale needed?
CMBS v. ABS – which is more suitable for Europe?

16:00-16:20

Are lenders and sponsors aligned on what a sustainable altnet model looks like?
How are risk models being recalibrated for fibre operators in 2026?
How are customer take-up and operational KPIs being priced in exit valuations?
Is the Telecoms Access Review (TAR) helping or hindering rollout and investment?

Moderator

Christoffer Stone
Director
EY-Parthenon UK
Speaker

Dana Tobak
Founder and CEO
Hyperoptic
Speaker

Graeme Oxby
CEO
Community Fibre
Speaker

Jeremy Chelot
Group CEO
Netomnia, YouFibre and brsk
Speaker

Rajiv Datta
CEO
nexfibre

17:00-17:40

Closing Panel: Beyond IPOs, what exit alternatives will suit digital infra platforms best in 2026?

Speakers
Pauline Thomson – Managing Director, Infrastructure, Ardian

How are operators balancing long-term customer strategies with investor exit horizons?
What constitutes ‘exit-ready’?
What do investors most value from operators when assessing secondary opportunities?
What role will partial exits play?

Speaker

Pauline Thomson
Managing Director
Ardian

17:45-19:30