Digi Communications N.V. announces Digi Spain Telecom S.L.U., its subsidiary in Spain, entered into an investment agreement with abrdn to finance the roll out of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain

Digi Communications N.V. announces Digi Spain Telecom S.L.U. („Digi Spain”), the Company’s subsidiary in Spain, entered into an investment agreement with abrdn having as subject matter financing the roll out of a Fibre-to-the-Home (“FTTH”) network in Andalusia, Spain.

(IN BRIEF) Digi Communications N.V. has announced that its subsidiary in Spain, Digi Spain Telecom S.L.U., has entered into an investment agreement with abrdn to finance the rollout of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain. The deployment of the FTTH network, which aims to cover up to 2,500,000 homes passed in 124 municipalities, requires an investment of up to €300 million. The transaction is subject to conditions that need to be fulfilled before completion. Digi Communications is a European leader in geographically-focused telecommunication solutions, providing telecommunication services in Romania, Spain, Italy, Portugal, and Belgium.

(PRESS RELEASE) BUCHAREST, Romania, 22-Mar-2023 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”) announces the conclusion on 21 March 2023 by Digi Spain of an investment agreement with abrdn for financing the roll out of a FTTH network in the provinces of Almería, Cádiz, Córdoba, Granada, Huelva, Málaga and Sevilla.

As part of its expansion strategy in Spain, Digi Spain is in the process of deploying a FTTH network with the aim of covering up to 2,500,000 homes passed in 124 municipalities in Spain (the “Network”). While the deployment of a part of the Network covering approximately 1,000,000 homes passed is almost complete, the deployment of the rest of the Network covering up to 1,500,000 homes passed will be carried out gradually, over an estimated period of three (3) years.

The deployment of the Network implies an investment amount of up to EUR 300,000,000, which will be committed in substantially equal parts by Digi Spain and abrdn, potentially also involving bank financing. The transaction is concluded with Aberdeen Standard Core Infrastructure III SC Sp., a fund managed by abrdn currently fundraising and investing in the pan-European infrastructure mid-market and is subject to conditions who have to be fulfilled for completion.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

Contacts:
Digi Communications N.V.
Phone no: +4031 400 4444
investor.relations@digi-communications.ro

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