Vodafone mulls Spanish fixed line sale

12 Apr 2022

Vodafone Spain is considering hiring a merchant bank to coordinate the sale of its fixed line assets, Expansion reports. According to the business daily the telco is open to selling a full or partial stake in the unit, although other alternatives are also on the table. If the sale comes to fruition, it is expected to pique the interest of a number of international investment funds and attract a price-tag in the region of EUR3 billion to EUR4 billion (USD3.3 billion-USD4.4 billion).

The network assets are understood to comprise a HFC DOCSIS 3.1 footprint passing around 7.4 million homes and a fibre-to-the-home (FTTH) network that passes 10.6 million homes. (Note: when including wholesale deals, the latter figure increases to 16.5 million.)

Earlier this month, Colman Deegan, CEO of Vodafone Spain, optimistically suggested that the merger agreement between Orange Espana and Grupo MASMOVIL ‘will bring great opportunities’ for the British-owned player, but the fact that Vodafone was itself squeezed out of the negotiations, indicates that a fixed line asset sale represents the telco’s ‘Plan B’.

Spain, Vodafone Spain