MasOrange, Vodafone Spain partner with GIC to launch Spanish fibre optic venture

The infrastructure aims to develop Spain’s connectivity and digitalisation further.

MasOrange, Vodafone Spain and GIC have signed an agreement to create an innovative fibre optic company (FibreCo) in Spain.

This infrastructure aims to further develop Spain’s connectivity and digitalisation, provide a Fibre to the Home (FTTH) network, enable operational efficiencies, and create the base for continued improvements.

MasOrange and Vodafone Spain will contribute approximately 12 million premises and 5 million customers to the new joint fibre network company.

The new FibreCo also meets high ESG standards by utilising energy-efficient FTTH technology designed to reduce energy consumption.

As part of the transaction, MasOrange will purchase Conexus Networks, the wholesale FTTH access provider in the north of Spain, and contribute it to FibreCo.

The proposed transaction is subject to regulatory approvals and is expected to close by the fourth quarter of the year.