Macquarie Capital and Aberdeen Standard Investments have signed an agreement with MasMovil to acquire a 940,000 building units fiber-to-the-home network in Spain.
The network currently provides bitstream services across five of Spain’s largest cities and their metropolitan areas in Madrid, Barcelona, Valencia, Seville and Malaga. The new business will operate as an independent wholesaler providing capacity to internet service providers looking to supply broadband to homes and businesses initially in these five cities and their metropolitan areas.
The network will become the first independent wholesale bitstream operator in Spain — selling broadband access to internet service providers and other wholesale customers. Currently, the fiber optic network deployed in Spain is the widest in Europe, covering more than 75 percent of the population. However, around 89 percent of fixed broadband lines are currently provided by just three main operators.
“This deal wi
