More
    HomeNewsDigi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U.,...

    Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces

    (IN BRIEF) Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces. This sale is part of a deal with Sota Investments Spain OpCo, S.L.U., a company backed by a consortium including Macquarie Capital and Arjun Infrastructure Partners. The first delivery covers 4.4 million homes, with plans to expand to 1.6 million more over the next three years. Additionally, the two companies signed a 25-year agreement for wholesale bitstream services and technical support related to the network.

    (PRESS RELEASE) BUCHAREST, Romania, 5-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market that on 5 September 2024, Digi Spain and Sota Investments Spain OpCo, S.L.U., a company controlled by a consortium comprising Macquarie Capital, abrdn and Arjun Infrastructure Partners, have completed the first delivery within the transaction having as subject matter the sale of a FTTH network in 12 provinces in Spain (the “Network”), following the fulfilment of the conditions set out in the asset purchase agreement concluded on 4 April 2024.

    The first delivery covers 4,412,500 homes passed, while the development of the entire Network will take place gradually over approximately 3 years and will cover an additional number of 1,587,500 homes passed.

    Digi Spain and Sota Investments Spain OpCo, S.L.U. have also concluded a wholesale bitstream services agreement whereby Sota Investments Spain OpCo, S.L.U. will provide to Digi Spain wholesale access bitstream services for an initial term of 25 years. Concomitantly, Digi Spain has agreed to provide to Sota Investments Spain OpCo, S.L.U. operation and maintenance services, as well as other technical services in relation to the Network, for a similar duration.

    About Digi Communications N.V.

    We are a 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:

    For Digi Communications NV
    Phone no: +4031 400 4444
    investor.relations@digi-communications.ro

    Website:

    Logo:

    digi 1

    Digi Communications NV logo

    FAQs for Digi Communications N.V. and Digi Spain Telecom S.L.U.

    1. What is the nature of the transaction between Digi Spain and Sota Investments Spain OpCo, S.L.U.?

    Digi Spain has sold a Fibre-to-the-Home (FTTH) network covering 12 provinces in Spain to Sota Investments Spain OpCo, S.L.U. The sale is part of an asset purchase agreement signed on April 4, 2024.

    2. How many homes are covered by the first delivery of the FTTH network?

    The first delivery of the FTTH network covers 4,412,500 homes.

    3. What is the total scope of the network development?

    The network will eventually cover a total of 6 million homes, with an additional 1,587,500 homes to be reached over the next three years.

    4. Who is Sota Investments Spain OpCo, S.L.U.?

    Sota Investments Spain OpCo, S.L.U. is a company controlled by a consortium that includes Macquarie Capital, abrdn, and Arjun Infrastructure Partners.

    5. What additional agreements have been made between Digi Spain and Sota Investments Spain OpCo, S.L.U.?

    The two companies have entered into a wholesale bitstream services agreement for 25 years, under which Sota Investments will provide wholesale access to the FTTH network to Digi Spain. Additionally, Digi Spain will provide operational, maintenance, and technical services for the network over a similar 25-year period.

    6. What is the timeframe for the full development of the FTTH network?

    The full development of the network is expected to take approximately three years.

    7. Who is Digi Communications N.V.?

    Digi Communications N.V. is a leading European telecommunications company with a strong presence in Romania and Spain, as well as operations in Italy, Portugal, and Belgium.

    8. What are Fibre-to-the-Home (FTTH) networks?

    FTTH networks deliver high-speed internet, television, and voice services directly to homes using fibre optic cables, providing faster and more reliable service compared to traditional networks.

    9. What is a wholesale bitstream services agreement?

    A wholesale bitstream services agreement allows one company (Sota Investments) to provide another (Digi Spain) with access to its network infrastructure, enabling the latter to offer services to end customers.

    10. How long is the wholesale and technical services agreement between Digi Spain and Sota Investments?

    The agreement is set for an initial term of 25 years.

    SOURCE: Digi Communications NV

    MORE ON DIGI COMMUNICATIONS N.V., FTTH, ETC.:

    SOCIAL MEDIA, ETC.:

    Follow EuropaWire on Google News
    EDITOR’S PICK:

    ———-

    First published in this link of EuropaWIRE.

    Must Read