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General

Red Electrica seeking EUR 1.3 bln for telecom business - report

Monday 1 March 2021 | 10:44 CET | News
Spain's national grid operator Red Electrica is stepping up efforts to find a buyer for its telecommunications operations and is seeking around EUR 1.3 billion for the business, according to financial analyses cited by Expansion. The business includes Reintel, the country's largest dark fibre provider, and satellite operator Hispasat, which Red Electrica acquired from Abertis for a total of EUR 933 million back in 2019.

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Categories: General
Companies: Hispasat
Countries: Spain
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