Telefónica and Vodafone They have presented Fiberpss, The brand for the joint society of FASHING OPTICAL SERVICES PROVISION They agreed to create last November. The two companies continue to advance in the execution and hope to start operating in the coming weeks.
As Telefónica and Vodafone point out in their statement, Fiberpass will focus on the value of fiber network infrastructure as a key to a better connected future, a vision that has been completed in the motto “Sharing the future together.” In addition, both operators have designated Pablo Ledesma as Fiberpass CEO. He has been part of Telefónica during the last 25 years and so far he served as Director of Operations,
Telefónica and Vodafone intend to maximize the use of the fiber network
As explained, Fiberpass aspires to cover 3.6 million real estate units (homes, offices and companies). It will also allow Telefónica and Vodafone, as they express in the statement, “Maximize the use of the current FTTH network, as well as capture efficiencies, both from the existing network and its future technological evolutions, allowing to offer the best services to its customers”
The operation, however, is pending regulatory authorizations relevant. The Council of Ministers approved last week the agreement authorized by the foreign investment of Vodafone Spain in Fiberpass, while the rest of authorizations are expected to occur in the coming weeks.
As collected five days, at the close of the Telefónica España operation it will have 63% of the company, while Vodafone Spain will have the remaining 37%. However, the project seeks a External investor That is done with about 40% of the new society, which would leave Telefónica with a participation of at least 51% and Vodafone Spain with the remaining 10%.
The aforementioned medium ensures that among the Interested in investing In Fiberpass, the Funds Vauban Infrastructure Partners, Axa Investment Managers and Antín, as well as Pontegadea, the Holding of Amancio Ortega, are there. The total valuation of the company is estimated at 2 billion euros, so the investment percentage must contribute around 800 million euros.
On the other hand, Vodafone is also working on another “fiberco”, denomination received by the companies for the provision of fiber optical services, together with Masorangeas agreed in early January. The company resulting from this alliance will unify the network assets of both operators and will cover 12.2 million facilities (homes and companies) throughout Spain.
