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Broadband

Masmovil sells 1.1 mln FTTH units to Onivia to fund Euskaltel takeover

Tuesday 4 May 2021 | 14:16 CET | News
Spanish wholesale fibre provider Onivia has announced the acquisition of a majority stake in a further 1.1 million fibre to the home (FTTH) premises in rural areas from Masmovil. The transaction will allow Onivia to more than double its footprint to over 2.2 million homes following its acquisition of 940,000 FTTH units from Masmovil back in 2019. In a statement, Onivia said the rural network serves over a thousand communities of less than 25,000 inhabitants, complementing the metropolitan areas it already covers.

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Categories: Fixed
Companies: Euskaltel / Masmovil / Onivia
Countries: Spain
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