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Telefónica, Vodafone Spain Close Out Fiberpass Stake Sale
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5 Articles
AXA, the French company specializing in insurance and asset management, finally closed the purchase of a 40% stake in FiberPass, the fiber optic wholesaler with operations in Spain. The stake was sold to AXA by Vodafone España, a subsidiary of Zegona, a British telecommunications investment fund. FiberPass’s ownership is now 55% Telefónica, 40% AXA and 5% Vodafone España. Until 2025, when the transaction was announced, FiberPass covered 3.7 mill…
Telefónica and Zegona close the sale of 40% of FiberPass to AXA for 500 million euros. The operation reinforces the fixed network strategy of Vodafone Spain and allows Zegona to reduce debt and launch a repurchase of shares.
Zegona, owner of Vodafone España, has announced that on Thursday, March 5, it completed the acquisition by AXA of a 40% stake in FiberPass. An operation for which it has obtained an initial revenue of 400 million euros. Following the transaction, the equity structure of the joint fiber company is distributed between Telefónica (55%), AXA (40%) and Vodafone España (5%). Read more: Zegona distributes 1.6 billion to its shareholders with the money …
Since Telefónica and Vodafone partnered to create a joint-fiber company, named FiberPass, there have been many rumors about the potential partners that were going to enter into the equity structure and thus be able to make the operation profitable. A few hours ago it was confirmed who was chosen. Telefónica and Vodafone made a million-dollar investment last April to expand the capital of FiberPass, the joint venture that both companies set up an…
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