Digi to Sell Fiber to Macquarie-Led Group for €750 Million [BNN Bloomberg (Canada)]
Orange (ORAN)
US:NYSE Investor Relations:
orange.com/en/investors/results-and-presentation
Company Research
Source: BNN Bloomberg
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. Digi will use the proceeds to invest in Spain, its second-largest market after Romania, especially to buy €120 million worth of spectrum as part of the remedies of the deal between Orange SA's Spanish unit and Masmovil. The fiber network sale to a Spanish unit controlled by a consortium of Macquarie Capital, abrdn and Arjun Infrastructure Partners is subject to regulatory approvals. Spain, which has Europe's most extensive network of fiber to the home, has attracted a lot of investment in recent years, with manager
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