Adamo unveils EUR40m investment programme

5 Jun 2017

Adamo Telecom Iberia, the Spanish fibre-optic broadband provider acquired by Stockholm-based investment firm EQT Mid Market in February this year, has unveiled a EUR40.0 million (USD45.1 million) investment programme aimed at making the autonomous community of Cantabria the first location in the country to support 100% fibre coverage. The deployment will be carried out in conjunction with local partner Ibiocom and utility provider Viesgo. Further, the rollout will commence in July and is expected to cover all 200,000 households within three years. Going forward, Adamo hopes to reach similar agreements in other communities in Spain, with a view to achieving coverage of one million households in the coming years.

TeleGeography notes that Adamo first launched in Spain in 2007, as a subsidiary of Sweden’s Bredband Adamo. The telco claims that it was the first provider in Spain to offer 100Mbps (2007), 300Mbps (2013) and 1Gbps (2014) services via fibre.

Spain, Adamo Telecom Iberia