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Telefonica concludes sale of 45% of wholesale fibre unit Bluevia

21 Dec 2022

Telefonica has announced the closing of the sale of 45% of Bluevia, the network operator that offers wholesale FTTH access and other fibre connectivity services in Spain, for a cash consideration of EUR1.02 billion (USD1.08 billion). Further, the latter – a joint venture of Telefonica Espana, Telefonica Infra and the consortium formed by Credit Agricole Assurances and Vauban Infrastructure Partners (through its managed fund Core Infrastructure Fund IV) – has officially started operations after the completion of the transaction today (21 December).

A press release confirmed: ‘Beginning with an initial footprint of 3.9 million premises, acquired from Telefonica Espana, Bluevía will expand its network to reach five million premises by the end of 2024, bringing ultra-fast fibre broadband access, a greener technology, to areas that currently do not have this service.’

Spain, Telefonica

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