US EditionSingapore's GIC to Take 25pct Stake in Spanish Broadband Venture, FT Reports
SPAIN, AUG 4 – GIC's €1.4 billion investment secures a 25% stake in FibreCo, aiming to serve 5 million customers and expand Spain’s largest fibre optic network with sustainable technology.
- On August 4, 2025, MasOrange, Vodafone Spain, and Singapore's GIC sovereign wealth fund announced a joint venture called FibreCo to create Spain's largest fibre-optic network.
- The joint venture follows Vodafone Spain's acquisition by Zegona Communications in 2024 and a January agreement between Vodafone and MasOrange to form a new fibre network company.
- FibreCo will be 58 percent owned by MasOrange, 17 percent by Vodafone Spain, and 25 percent by GIC, serving about 12 million premises with networks contributed exclusively by the operators.
- Meinrad Spenger, CEO of MasOrange, emphasized that this partnership will deliver top-tier fibre optic services to their clients while ensuring the network remains up-to-date with future technological advancements. Meanwhile, Vodafone Spain’s CEO José Miguel García highlighted the deal as a significant step toward enhancing customer service.
- The €5 billion deal, anticipated to finalize in Q4 2025 following regulatory clearance, seeks to advance Spain’s telecom sector through enhanced network capabilities and environmental responsibility, while limiting smaller rivals’ access to the infrastructure.
14 Articles
14 Articles
Spain’s biggest fibre network
Spain’s largest fibre optic network is coming, as MasOrange, Vodafone Spain, and GIC team up in a €5 billion joint venture to boost digital infrastructure and sustainability across the country. MasOrange, Vodafone Spain, and Singapore’s GIC sovereign wealth fund have officially agreed to create Spain’s largest fibre optic network, aiming to roll out premium fibre-to-the-home (FTTH) services… Source
MasOrange and Vodafone have finally agreed that it will be GIC, the sovereign fund of Singapore, the financial partner of their joint fiber optics company, the largest in Europe with...
Masorange and Vodafone Spain have agreed to sell 25% of their joint fiber optics company to GIC, the sovereign fund of Singapore. At the beginning of the operation, in January, they expected to place a partner investor 40% of the capital of the new company but have finally lowered those expectations. The valuation given by both telecos to their fibre company in January was around 9,000-10,000 million euros, resulting in a sale of up to 4 billion…
Singapore's GIC to take 25pct stake in Spanish broadband venture, FT reports
BENGALURU: Singapore's sovereign wealth fund GIC is set to take a 25 per cent stake in a fibre optic broadband venture between MasOrange and Vodafone Spain, the Financial Times reported on Monday, citing people familiar with the matter.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
