Digi Spain and Abrdn Ink Agreement for First-Phase FTTH Rollout in Andalusia

Digi Communications has announced the completion of the first investment in the financing of a Fibre-to-the-Home network rollout in Andalusia, Spain.

Highlights

  • The project targets the connection of up to 2.5 million homes across multiple provinces.
  • Initial investment to cover 1.35 million homes with the potential for further expansion.
  • Total investment estimated at around EUR 300 million.

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Digi Spain and Abrdn Ink Agreement for First-Phase FTTH Rollout in Andalusia
Digi Communications has announced that its subsidiary in Spain, Digi Spain, and Abrdn have completed the first investment as part of a transaction aimed at financing the roll-out of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain.

Also Read: Digi Romania Phases Out 3G, Reuses 2100 MHz Spectrum for 4G, 5G




Extensive FTTH Network Rollout

The transaction, which was announced on October 10, 2023, involves the financing of the deployment of an FTTH network with the goal of connecting up to 2.5 million homes in the provinces of Almeria, Cadiz, Cordoba, Granada, Huelva, Jaen, Malaga, and Sevilla. This is in line with the conditions outlined in the investment agreement that was concluded on March 21, 2023.

Also Read: Digi Discontinues Pre-Paid Mobile Services in Romania, Asks Customers to Switch to Post-Paid

Investment and Coverage

The first investment phase will cover the FTTH network to 1.35 million homes, and the full network deployment is expected to extend to an additional 1.15 million homes, bringing the total investment amount to approximately EUR 300 million.

Collaboration and Financing

According to the statement, Digi Spain and Abrdn will be sharing this investment roughly equally, with the possibility of bank financing also playing a role in the funding of this FTTH network project.

Also Read: Proximus Inks Agreement With Digi Belgium and Citymesh for Wholesale Access

Digi Communications is a leading provider of telecommunications services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

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Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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