Infrastructure
Sector | Infrastructure |
Sub-sector | Technology |
Location | Spain |
When the Spanish government outlined its ‘Spain Digital 2025’ plan, among its strategic priorities was extending ultrafast broadband coverage to the entire population and preparing its networks for 5G, ultimately narrowing the digital gap between urban and rural communities.1
Over the years, Onivia has rapidly expanded to provide greater access to broadband for Spanish internet service providers (ISPs) and end users. This has seen the company expand its fibre rollouts across rural and urban areas of Spain and through a series of acquisitions supported by Macquarie Capital and its co-investors Abrdn and Arjun Infrastructure Partners.
Onivia doubled in size in 2021, following the acquisition of a majority stake in a rural FTTH business. The scale of the combined network provided Onivia with greater national presence.3
In 2022, Macquarie Capital brought onboard long-term investor, Arjun Infrastructure Partners, to support Onivia’s plans for continued growth and network expansion across Spain.4
Most recently, in 2024, Macquarie Capital together with its co-investors, supported the acquisition of another FTTH network, fromDIGI Spain Telecom, comprising an initial 4.25 million homes passed, with the remaining network covering up to 1.75 million homes passed, set to be deployed over an estimated period of three years. This will add 6 million homes to Onvia’s FTTH current offering of 4.2 million homes passed.5
Onivia CEO Jose Antonio Vázquez Blanco, and Macquarie Capital Senior Vice President Pablo Riestra, reflect on the company’s growth, the importance of partnership and how Onivia is supporting Spain’s digital infrastructure needs.
Outcome
Onivia’s latest acquisition increases its coverage to 12 provinces across the regions of Madrid, Segovia, Avila, Castilla-La Mancha, Comunidad Valenciana and Murcia.5
With Macquarie Capital’s support, Onivia’s FTTH network offering will reach around 10 million Spanish homes passed – over a third of the country’s homes – and enable consumers across Spain to benefit from access to reliable ultrafast broadband.
“Onivia is the largest neutral and independent player in Spain, enhancing the value-added proposal for our telco customers, increasing coverage, and offering latest technology. Macquarie Capital have been a critical element and partner for Onivia’s success.” Jose Antonio Vázquez Blanco, Chief Executive Officer, Onivia. |
Spain’s first and largest neutral and independent wholesale fibre network operator
Offering FTTH coverage to ~10 million Spanish homes
Connecting over one third of homes in Spain |
Increasing coverage to 12 provinces across Spain
We established Onivia in 2019 as Spain's first independent wholesale fibre network operator. Alongside our long-term co-investors, Macquarie Capital is committed to supporting the continued growth and expansion of this truly national Spanish network, delivering reliable ultrafast broadband to both rural and urban areas and for ISPs large and small.”
Oliver Bradley
Managing Director, Digital Infrastructure Investing, Macquarie Capital
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