Romania's Digi in talks with Macquarie, Abrdn to sell stake in fibre network- Expansion

Digi Communications

27/09/2023 09:22

MADRID, Sept 27 (Reuters) - Romanian telecom company
Digi  DIGI.BX  is in talks with Macquarie  MQG.AX  and Abrdn
 ABDN.L  to sell a stake in its optic fibre network in Spain to
raise cash to invest in the country, newspaper Expansion said on
Wednesday, citing unidentified sources with knowledge of the
process.
    Digi, which has expanded quickly in the Spanish market with
low fees, is looking to develop a mobile phone infrastructure in
the country, Expansion said, without providing any detail on the
stakes the funds would buy and how would the network be valued. 
    The Romanian company is also getting cash to bid for the
assets Orange  ORAN.PA  and MasMovil may be forced to sell to
get their 18 billion euro ($19 billion) merger authorized by EU
antitrust regulator.
    Beside the Orange-MasMovil deal and the entry of Digi, many
other investors have been eyeing the Spanish telecom industry in
the past couple of years.
    Digi, Macquarie and Abrdn did not immediately return
messages seeking comment.    


($1 = 0.9468 euros)

 (Reporting by Inti Landauro, Editing by Louise Heavens)
 ((Inti.Landauro@thomsonreuters.com;))