Grupo MASMOVIL cancels two-thirds of state-backed fibre deployments

4 Apr 2018

Spanish full-service telecoms provider Grupo MASMOVIL has cancelled eleven of 18 planned state-backed fibre initiatives, Expansion reports. The business daily notes that the telco was handed the contracts by the Ministry of Energy, Tourism and Digital Agenda (Ministerio de Energia, Turismo y Agenda Digital, MINETAD) in 2017, but has decided that the deployments no longer make commercial sense. Affected areas include parts of Andalucia, the Canary Islands, Cataluna, Castilla-La Mancha, Castilla and Leon, Comunidad Valenciana, Madrid and Navarra.

Under the ‘El Plan Peba’ banner, the government sought to extend fibre services to the whole country, supplying funding of EUR525 million (USD645 million). In total, the project comprised 33 regional deployments, around half of which were awarded to MASMOVIL.