Digi Communications N.V. announces that Digi Spain Telecom S.L.U. („Digi Spain”), the Company’s subsidiary in Spain, and abrdn plc have completed the first investment within the transaction having as subject matter the financing of the roll out of a Fibre-to-the-Home (“FTTH”) network in Andalusia, Spain
(IN BRIEF) Digi Communications N.V. and its subsidiary in Spain, Digi Spain Telecom S.L.U., have completed the first investment in financing a Fibre-to-the-Home (FTTH) network rollout in Andalusia, Spain. The initial investment covers 1.35 million homes passed, with the entire network expansion to cover 1.15 million more homes, totaling a potential investment of up to EUR 300 million. Digi Spain and abrdn plc will contribute equally to this investment, with possible bank financing involvement.
(PRESS RELEASE) BUCHAREST, Romania, 10-Oct-2023 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”) announces today, 10 October 2023, the completion by Digi Spain and abrdn plc of the first investment within the transaction having as subject matter the financing of the roll out of a FTTH network with the aim of covering up to 2,500,000 homes passed in the provinces of Almería, Cádiz, Córdoba, Granada, Huelva, Jaén, Málaga and Sevilla (the “Network”), pursuant to the fulfilment of the conditions under the investment agreement concluded on 21 March 2023.
This first investment covers 1.35 million homes passed, while the deployment of the entire Network will cover an additional number of 1.15 million homes passed, implying a total investment amount of up to EUR 300 million. The total investment will be committed in substantially equal parts by Digi Spain and abrdn plc, potentially also involving bank financing.
About Digi Communications N.V.
We are an 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
Digi Communications NV logo
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Digi Communications N.V. announces that Digi Spain Telecom S.L.U., its subsidiary in Spain, and abrdn plc have completed the first investment within the transaction having as subject matter the financing of the roll out of a Fibre-to-the-Home (“FTTH”) network in #Andalusia, Spain… pic.twitter.com/4NU0Y87DDi
— EuropaWire (@europawire) October 10, 2023
https://twitter.com/europawire/status/1711787609570062413
https://twitter.com/europawire/status/1711788484959113567
https://twitter.com/europawire/status/1711789137534009538
https://twitter.com/europawire/status/1711789757263425931
📈 Digi Spain Telecom and abrdn plc's collaboration is a major step towards enhancing digital infrastructure in Andalusia, Spain. 💻🏘️ https://t.co/lLMEDZIe1T #DigitalSpain #NetworkExpansion #TechInvestment pic.twitter.com/IahoB0cs2h
— EuropaWire (@europawire) October 10, 2023
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 network in Andalusia, Spain - https://news.europawire.eu/digi-communications-n-v-announces-that-digi-spain-telecom-s-l-u-its-subsidiary-in-spain-and-abrdn-plc-have-completed-the-first-investment-within-the-transaction-having-as-subject-matter-the-financ/eu-press-release/2023/10/10/17/51/17/123081/){kind=link}