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Telefónica completed the sale of 45% of its rural optical network for 1.021 million

Telefónica has completed the sale of 45% of Bluevía Fibre, its rural fiber company in Spain, to a consortium founded by Vauban Infrastructure partners and Crédit Agricole Assurance (CCA) for the amount of EUR 1,021 million, which represents a multiple of 27.1 times the company’s proforma Oibda. Bluevia thus starts doing business with footprint of 3.9 million homes and the goal of reaching five million properties by the end of 2024, as the operator informed National Commission for the Stock Market (CNMV) and collected by Europa Press.

CEO of Bluevia, Luis Rivera, ensured that the new company would speed up deployment outside the big cities. Telefónica will participate in the company through Telefónica España and Telefónica Infra. Operation estimates Bluevia at 2,500 million euros and completes the Telefónica Infra fiber map in its strategic markets following agreements reached in Germany (Allianz), Brazil (CDPQ) and the United Kingdom (Infravía).

The sale of the rural optical network was completed

Earlier this month, the company led by José María Álvarez-Pallete held a two-day board meeting where the company’s highest governing body reaffirmed its focus on innovation and growth job for next year. In a more thoughtful tone than usual during the meeting, company executives addressed some of the trends in the sector such as smart grids, according to sources familiar with the meeting who confirmed to Europa Press at the time.

Group waiting for 2023, marked by the consolidation of the Spanish market with the merger of Orange Spain and MásMóvil and in which the operator will have to continue to overcome inflation which, despite the decline, will continue to be present in its main markets.

Also, the company continues with its intention to take a dominant role in new fields which open in the digital world, such as the popularization of 5G and the development of applications based on this technology. Another of the debates in which the Spanish company claims a leading role is the so-called ‘fair contribution’, or the way tech giants pay telecom companies for network usage.

This historic request from the sector was accepted in Brussels and is actually the European Commissioner for the Internal Market and Services, Thierry Bretonthis week he included it among his priorities for the next year in a video published on his social networks.

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