Digi sells its fibre in Spain for 750 million: The Advisors
Romanian telco Digi has closed the sale of part of its fibre-to-the-home (FTTH) network in Spain for EUR 750 million to wholesale fibre operator Onivia, owned by Macquarie Capital, Abrdn and Arjun Infrastructure Partners.
Digi Spain Telecom, a subsidiary of the Romanian multinational of the same name, has reached an agreement with Australian fund Macquarie to sell part of its fibre network. The Romanian teleco has decided to reduce the size of the transaction and will finally raise 750 million for selling some 6 million home accesses of its fibre network. The aim is to use this cash to finance its growth strategy in Spain and reduce debt.
The network will be operated by Onivia, Spain’s largest independent wholesale fibre platform and in which Arjun Infrastructure Partners is also a significant investor alongside Macquarie Capital and Aberdeen.
The Advisors
Allen & Overy (A&O) has advised Macquarie Capital: Corporate Team: led by partner Iñigo del Val (pictured left), counsels Pablo Mendez Reus and Laur Badin, Patrica Figueroa, Miguel Zulaica, Sergio Ochagavía Barbarin, Irina Popa, Patricia Miralles, and Miguel Jiménez Peralta. Antitrust Advisors: partner Antonio Martínez Sánchez (pictured centre), senior associate Enrique Ferrer Poggio, and associate Miguel Orellana Mejías. Banking and Finance Specialists: partner Charles Poole-Warren (pictured right), Sara Sanz, Pelayo González Martínez, Izabella Da Cunha, and Aalia Hulf. Public Law Experts: senior associate Leopoldo Reaño García, Enrique Díaz-Mauriño Carrera, Marta Villar Martín, and Clara Iglesias Juárez. The firm also advised Arjun Infrastructure Partners on its prior investment in Onivia.
Clifford Chance has advised Arjun Infrastructure Partners, in consortium with Macquarie Capital and Aberdeen led by partner Samir Azzouzi, together with senior associates Pablo Hernández and Patricia Puertas, as well as associate José Jordana de Pozas.
CMS has advised Digi España on the transaction. The team consisted of partners Jorge Sanchez Vicente and Ricardo Hector Lorca, together with associate Ana Vázquez Recio. Partners Carlos Vérgez Muñoz and Diego De Miguel Hernando also participated.
