Macquarie-backed Onivia launches wholesale FTTH service using ex-MASMOVIL networks

25 Jun 2020

Macquarie Capital, Aberdeen Standard Investments and Daiwa Energy & Infrastructure have launched a new fibre-to-the-home (FTTH) wholesale service in Spain under the Onivia brand name. The new company claims to preside over a 2,900km fibre network that passes 966,000 homes; the GPON infrastructure is capable of supporting symmetrical transmission speeds of up to 1.24Gbps.

In November 2019 Macquarie signed an agreement with Grupo MASMOVIL to acquire an FTTH network passing around 940,000 building units in a deal worth EUR218.5 million (USD242 million). The network covers five of Spain’s largest cities, namely: Madrid, Barcelona, Valencia, Seville and Malaga. Onivia will operate as an independent wholesaler providing capacity to ISPs looking to supply broadband to homes and businesses, while MASMOVIL itself signed a long-term access agreement as part of the transaction.