Macquarie Capital, along with co-investors Aberdeen Standard Investments (ASI) and Daiwa Energy & Infrastructure (DEI) have acquired a majority stake in Onivia, a large rural fiber-to-the-home network in Spain.
The investment will cover around 1.1 million building units in more than 1,000 Spanish rural communities, and more than double Onivia’s coverage in size to more than 2.1 million homes.
The seller was telecoms operator MasMovil, Spain’s fourth-largest internet service provider. MasMovil will retain a minority stake in the network and serve as the network’s technological partner, in charge of deploying new households and operating and maintaining the fiber optic network sold. As part of the agreement, MasMovil will retain full ownership for its existing customers in the sold network and will continue to use it to support its customers.
Orange, another major Spanish internet service provider, is also an anchor customer on the network.
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