MasOrange, alongside Vodafone Spain and GIC, has formed FibreCo to create Spain's largest fibre-to-the-home network operator, aiming to serve millions of customers with enhanced connectivity and sustainability.

Target Information

MasOrange, a leading telecommunications company in Spain, has partnered with Vodafone Spain and Singapore's sovereign wealth fund GIC to launch FibreCo, a joint venture that aims to become the premier fibre-to-the-home (FTTH) network operator in Spain. Under the arrangement, MasOrange will hold a 58% majority stake, while Vodafone and GIC will possess 17% and 25%, respectively. GIC's selection came after a competitive bidding process that attracted nearly 20 investors, showcasing the substantial interest in Spain's growing FTTH market.

Industry Overview in Spain

Spain is currently experiencing a significant transformation in its broadband landscape, particularly with the rapid rollout of fibre optic technologies. The country has made notable progress in expanding its fixed broadband infrastructure, positioning itself among the most advanced in Europe. Increased consumer demand for high-speed internet and reliable connectivity continues to drive investment in this sector, attracting both local and international players.

Despite the advancements, there remains considerable potential for fixed broadband penetration in Spain. Initiatives to enhance digital connectivity in less urbanized areas will be essential in bridging the digita