Arjun Infrastructure Partners has joined Macquarie Capital as an investor in Spanish wholesale fiber network Onivia as part of the company’s expansion strategy.
Onivia, Spain’s first independent fiber network operator, was formed in 2019 when Macquarie Capital and Aberdeen Standard Investments acquired a fiber-to-the-home (FTTH) network.
Since then, Daiwa Energy and Infrastructure also has joined as a minority investor, and Onivia has now doubled in size, following the acquisition of a majority stake in a rural FTTH business in 2021. Macquarie said the scale of the combined network gives Onivia a national presence and unlocks access to ultrafast, reliable broadband for consumers in remote parts of Spain.
“The dynamic evolution of the telecommunications market in Spain is opening up interesting growth opportunities and partnerships — and we need to ensure that Onivia is well positioned to benefit from these future market changes,” said Mark Bradshaw, gl
