Filip & Company has advised the Digi Spain Telecom group on its sale of an FTTH network to Sota Investments Spain – controlled by a consortium formed by Macquarie Capital, Abrdn, and Arjun Infrastructure Partners – in an up to EUR 750 million transaction. Allen & Overy Spain reportedly advised Sota Investments.
The transaction remains contingent on regulatory approval.
The target FTTH network was developed in 12 provinces in the regions of Madrid, Segovia, Avila, Castilla-La Mancha, Comunidad Valenciana, and Murcia. "Following the transaction, Digi Spain will continue to serve its customers using the same network, [which] will be managed by Onivia, a large Spanish infrastructure operator controlled by the consortium of funds that acquired the network," the firm announced.
"It is one of the biggest infrastructure deals of the year in Europe," Filip & Company Partner and Head of Mergers Alexandru Birsan commented. "Digi’s international growth strategy has helped the group become a major player in the European telecoms market and Digi’s operations in Spain have grown spectacularly based on significant investment and excellent competitive performance. This transaction confirms the strong interest of major international investors in being part of the rapid development of this truly European group and opens up new opportunities and horizons for Digi."
Most recently, Filip & Company also advised Digi Spain Telecom on the acquisition of a package of spectrum licenses from Xfera Moviles (as reported by CEE Legal Matters on December 20, 2023).
The Filip & Company team included Birsan, Partner Catalin Suliman, Senior Associate Camelia Iantuc and Diana Gavra, and Associates Anca Badescu and Bianca Gheorghe.