Madrid-based independent wholesale fibre network operator Onivia will double in size after its shareholders Macquarie Capital, Aberdeen Standard Investments and Daiwa Energy & Infrastructure Co. agreed to acquire a majority stake in Grupo MASMOVIL’s rural fibre-to-the-home (FTTH) business.
The transaction will see Onivia take control of an FTTH network covering 1.1 million homes across Spain. More than 1,000 communities that are home to less than 25,000 inhabitants are served by this network, Onivia notes. As per the terms of the acquisition, MASMOVIL retains full ownership for its existing rural customers, while Orange and MASMOVIL will be anchor customers on the network. The value of the deal has not been disclosed.
TeleGeography notes that Onivia was created in November 2019, when a Macquarie Capital-led consortium acquired MASMOVIL’s urban fibre network, which covered Spain’s five largest cities and their metropolitan areas. The initial deal involved networks passing around 940,000 building units and was valued at EUR218.5 million (USD242 million).