GIC of Singapore has acquired a 25% stake in a new fiber optic joint venture with MasOrange and Vodafone Spain for EUR 1.4 billion, establishing one of Europe's largest open-access fiber networks.
Information on the Target
GIC, Singapore's sovereign wealth fund, has made a significant move by acquiring a 25% stake in a joint venture that comprises MasOrange and Vodafone Spain, valued at EUR 1.4 billion (approximately US$ 1.5 billion). This joint venture aims to establish a robust fiber optic network in Spain, positioning itself as a leader in the telecommunications sector.
The newly formed entity is set to become one of Europe's largest open-access fiber networks, capable of servicing over 12 million households. The initiative is poised to enhance the efficiency and reach of broadband services in Spain, catering to the increasing demand for high-speed internet connectivity.
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Industry Overview in Spain
The telecommunications industry in Spain has been experiencing significant transformation driven by advancements in technology and changing consumer demands. The country
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GIC
invested in
fiber optic powerhouse
in 2025
in a Joint Venture deal
Disclosed details
Transaction Size: $1,500M
Equity Value: $1,500M