Romania’s Digi in 750 mln euro fibre network sale deal with Macquire-led tie-up

Present across twelve Spanish provinces, the FTTH network services 4.25 million homes and is aiming to comprise 6 million homes over the next three years, Digi said in a report filed with the Bucharest Stock Exchange.

Onivia, Spain's largest independent wholesale fibre platform, will operate the network, extending its coverage to approximately 10 million Spanish homes, surpassing one-third of households in the country, Macquire Capital said in a separate press release on Friday.

Digi, which is Spain’s fourth largest internet service provider, will remain the FTTH network’s anchor client, continuing to use it to serve its own customers.

The transaction gives the consortium the option of acquiring any future fibre rollouts from Digi in the provinces where the acquired network is already present, subject to certain undisclosed conditions.

The deal is subject to closing conditions, such as foreign direct investment clearances in Spain and European Commission economic merger concentration control.

Digi saw its shares gain 7.42% on Friday on the Bucharest Stock Exchange, ending the week at 55 lei.

($=0.9226 euro)