Digi seeks to raise up to $710 million for Spain IPO, Expansion reports

Digi Communications NV

04/02/2026 08:45

Feb 4 (Reuters) - Romanian telecoms operator Digi DIGI.BX is advancing preparations for a potential initial public offering of its Spanish unit, aiming to raise up to 600 million euros ($710 million) to fund growth, Spanish newspaper Expansión reported on Wednesday.

Digi Spain plans a combined primary and secondary offering raising 500 million to 600 million euros, the Expansion report said

The IPO is expected to involve a minority stake of about 25%-30%, depending on valuation

It is targeting an enterprise value of around 2.5 billion euros, including debt

The tentative timetable points to a late April listing, subject to market conditions

Proceeds are expected to fund growth in Spain, where heavy fibre and 5G investment is driving high cash consumption

Barclays, Santander and UBS are acting as global coordinators, with Rothschild as financial adviser

The company is the fourth-largest telecoms operator in Spain

($1 = 0.8454 euros)

 (Reporting by Marta Serafinko in Gdansk; Editing by David Latona)

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