Digi to Sell Fiber to Macquarie-Led Group for €750 Million [Financial Post (Toronto, Ontario, Canada)]
Orange (ORAN)
US:NYSE Investor Relations:
orange.com/en/investors/results-and-presentation
Company Research
Source: Financial Post
for its expansion plan in the country, including buying remedies from the Orange-Masmovil deal. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Digi Communications NV has agreed to sell part of its fiber networks in Spain to a consortium led by Macquarie Group Ltd. as it seeks funds to pay for its expansion plan in the country, including buying remedies from the Orange-Masmovil deal. The Bucharest-based operator will hand the Australian investment firm its network in 12 Spanish provinces for as much as €750 million ($814 million), according to a regulatory filing on Friday. Digi's network currently comprises about 4.25 million homes and plans to expand it to cover a total of 6 million homes gradually over the course of three years, it said. Article content Article content Digi will use the proceeds to invest in Spain, its second-largest market after Romania, especially to buy €120 million wo
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