Euskaltel is speeding up its plans to become the fifth largest telco operator in Spain and is consequently seeking financial partners to invest in its fibre optic network throughout the country.

Euskaltel is set to create a subsidiary company responsible for the deployment of its network and French Infravia and Australian First State are reportedly interested in participating with a stake of up to 49 per cent.

The company plans to invest €313 million between 2021 and 2022 in the deployment of fibre optic networks and needs financial partners to finance the whole operation.

Other posts by :

1. Airbus Space says business is booming
2. AST SpaceMobile gets permission for giant factory
3. Questions over AST SpaceMobile’s spending plans
4. Bank: AST SpaceMobile is favoured
5. Amazon Leo gains South Africa link
6. Eutelsat wants an extra 528 satellites
7. FCC approves orbital space mirrors
8. Analysts: “Unknown Unknowns for SpaceX”
9. Ligado’s bankruptcy clean-up continues

Categories: Articles, Business, Funding

Tags: Euskatel, spain