PATRIZIA, a leading partner for global real assets, has strengthened its European digital infrastructure footprint with the acquisitions of two Spanish broadband and fibre operators through its flagship European Infrastructure Fund II (EIFII or ‘the Fund’). With the closing of the investments, PATRIZIA Infrastructure launches a new ‘Fibre-to-the-Home’ (FTTH) platform in Spain, which aims to deliver high-speed broadband to the country’s most rural areas.

The Fund has invested in two mid-market operators in Spain’s local telecoms sector. Both located in the southern province of Cadiz, Wifi Sancti Petri’sFTTH network can reach 60,000 homes, while Airwifi can connect 22,000 homes to its FTTH network. The two companies own their fibre networks and provide both broadband and mobile services, which have the potential to serve a total population over 110,000 people across neighbouring municipalities.

The two deals are the the sixth platform investment for EIFII, taking the Fund’s committed investments and co-investments to over EUR 800 million. They also mark the first deals in Spain for the EIF fund series, diversifying its geographies and strengthening it’s digital footprint, which includes UK-based broadband operator Connexin.

You can now read the full press release at the link below