Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million

Digi Communications N.V. announces that Digi Spain Telecom S.L.U. (“Digi Spain”), the Company’s subsidiary in Spain, entered into an asset sale and purchase agreement for the sale by DIGI Spain of a Fibre-to-the-Home (“FTTH”) network in 12 provinces across Spain

(IN BRIEF) Digi Communications N.V., a European telecommunications leader, announces that its subsidiary in Spain, Digi Spain Telecom S.L.U., has entered into an asset sale and purchase agreement with Sota Investments Spain OpCo, S.L.U. The agreement entails the sale of a Fibre-to-the-Home (FTTH) network in 12 provinces across Spain, covering regions such as Madrid, Castilla-La Mancha, and Comunidad Valenciana. The network, currently serving around 4,250,000 homes, is planned to expand to cover 6,000,000 homes over the next three years. The transaction, valued at up to EUR 750,000,000, is subject to closing conditions, including regulatory approvals.

(PRESS RELEASE) BUCHAREST, Romania, 5-Apr-2024 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”) informs the market that on 4 April 2024, Digi Spain concluded an asset sale and purchase agreement with Sota Investments Spain OpCo, S.L.U., a company controlled by a consortium comprising Macquarie Capital, abrdn and Arjun Infrastructure Partners, leading international infrastructure investors, for the sale by DIGI Spain of a FTTH network in 12 provinces across the regions of Madrid, Segovia, Avila, Castilla-La Mancha, Comunidad Valenciana and Murcia, Spain (the “Network”), for a consideration of up to EUR 750,000,000. The Network currently comprises approximately 4,250,000 homes passed, with the aim of comprising a total of 6,000,000 homes passed. The deployment of the rest of the Network will be carried out gradually, over an estimated period of three (3) years.

The transaction is subject to closing conditions, such as foreign direct investment clearance and economic concentration merger control.

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.

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SOURCE: Digi Communications NV