en.Wedoany.com Reported - Digi España CEO Marius Varzaru stated at the DigitalES Summit 2026 that the company is considering listing its Spanish subsidiary, calling an initial public offering a "very important step," while emphasizing that the company can execute its plans organically. According to disclosures, the listing could involve selling 15% to 20% of shares, raising nearly €300 million, with a target to complete it within a window period before August, though Varzaru did not commit to a specific date. "Any possibility is open," he said, noting that the company is "continuously" analyzing market conditions to choose the "best timing."
Varzaru recalled that the Digi Communications Group had already explored this possibility during the "Capital Markets Day" held in Madrid in March this year. "The group was able to share its goals and plans, including the potential listing of the Spanish subsidiary," he said. He also made it clear that any operation would have a limited scope and would never consider changing or losing control of the Spanish subsidiary. The plan under consideration involves placing a minority stake without altering the industrial direction of the business. "The industrial plan we are implementing in Spain will continue to move forward," he insisted.
Marius Varzaru emphasized that discussions with investors have been positive for the company. The market particularly values Digi's vertical integration model, one of the pillars of its strategy in Spain. "We were very surprised to find that they see our company's vertical integration as a strategic axis," he said. He noted that most of the company's operations are carried out using its own resources, with nearly 12,000 employees, and this model has become a competitive advantage.
Despite the financial appeal of a potential listing, Varzaru downplayed the idea that Digi needs the stock market to finance its growth, as "we can continue to develop this business plan organically, without actually needing a capital increase." However, he acknowledged the strategic value of the operation: "A listing would be an evolution, a very important step for us, and it would support our business plan and the confidence we have."
This potential listing comes on the back of a strong phase of commercial growth for Digi. As of the end of March, its fiber optic network covered 14.2 million homes, adding 2.5 million homes over the past year. Of this coverage, 95% can offer residential customers technology capable of speeds up to 10Gbps. This deployment has driven customer growth, with broadband contracts increasing by 625,000 in recent months, bringing fiber customers close to 3.8 million, representing a market share of around 14%. Varzaru also insisted that Digi has not undermined market value but has helped strengthen infrastructure and employment, creating 11,000 jobs over the past eight years.
Looking ahead, Digi still plans to expand its fiber optic network to 21 million homes, equivalent to 75% of the Spanish residential market. At the same time, it plans to accelerate the construction of its own mobile network, which currently has 1,100 active antennas, with a target of reaching 5,000 by the end of 2028 and 10,000 by 2033. Varzaru also stressed the importance of maintaining the MARCO regulation regarding access to Telefónica's infrastructure, calling it "a key and fundamental factor in the success of fiber optics in Spain," and argued that cost-oriented pricing should continue to be adopted to preserve the model that has made Spain an international benchmark.
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