Vodafone Forms Joint Venture with MasOrange to Lead Spanish Fiber Market
Deal News | Jan 07, 2025 | Iberian Lawyer
Vodafone has entered into a transformative agreement with MasOrange to establish a joint wholesale fiber optic company—FibreCo—in Spain. This collaboration, advised by Cuatrecasas, aims to create the largest FTTH (fiber to the home) wholesale operator in the nation, impacting approximately 12.2 million real estate units. With an enterprise value estimated between 8 and 10 billion euros, this venture is poised to enhance Vodafone's service offerings by maximizing existing fiber networks and supporting the adoption of future technologies. The partnership not only promises improved fiber optic services for Spanish consumers but also emphasizes sustainability through the efficient use of network resources. The strategic move aligns with Vodafone's broader plan, including agreements with Telefónica, to revolutionize its fixed-line business in Spain.
Sectors
- Telecommunications
- Corporate Financing & Advisory
- Renewable Energy & Sustainability
Geography
- Spain – The FiberCo initiative involves operations across Spain, aiming to affect the Spanish telecommunications market with enhanced broadband services.
Industry
- Telecommunications – The agreement between Vodafone and MasOrange focuses on enhancing fiber optic networks and broadband services, key areas within the telecommunications sector.
- Corporate Financing & Advisory – Cuatrecasas provided legal advisory services for this significant partnership, indicating involvement in corporate financing and structuring deals.
- Renewable Energy & Sustainability – The FibreCo network aims to be a benchmark in sustainable development, adhering to high ESG standards, aligning with the renewable energy and sustainability sector.
Financials
- €8-10 billion – The estimated enterprise value of the FibreCo joint venture between Vodafone and MasOrange.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vodafone Holdings Europe | Buyer/Participant | Company | Vodafone is forming a joint venture with MasOrange to establish the FibreCo company. |
| MasOrange | Partner/Participant | Company | MasOrange is partnering with Vodafone in the formation of the FibreCo company in Spain. |
| Cuatrecasas | Legal Advisor | Company | Cuatrecasas advised Vodafone in the legal aspects of the agreement with MasOrange. |
| Federico Roig | Lead Lawyer | Person | Federico Roig led the legal team at Cuatrecasas advising Vodafone on this transaction. |