en.Wedoany.com Reported - Digi Spain has restarted its IPO plan, conducting a public offering for subscription and sale of shares, and applying for its shares to be listed on the stock exchanges of Barcelona, Bilbao, Madrid, and Valencia. The listing is supported by Global Portfolio Investments (the investment company of the Domínguez de la Maza family, which controls the Mayoral Group), which has signed a binding investment commitment of €100 million, corresponding to a pre-transaction total equity value of up to €1.7 billion.

Last year, Digi Spain studied the possibility of listing part of its business, originally planned for spring 2026, but it was temporarily shelved due to factors such as geopolitical and stock market conditions. At the end of June 2025, the telecom company announced the restart of this listing intention. The net proceeds from the new shares, approximately €136 million, will be used to fund the company's growth, primarily expanding its fiber-to-the-home network and deploying its own mobile network. The offering will combine the issuance of new shares totaling approximately €150 million, along with the sale of existing shares by the sole shareholder DIGI Romania, and includes an over-allotment option typically up to 15% of the initial offering size.

Upon completion of the transaction, the DIGI Group, led by DIGI Communications N.V. (listed on the Bucharest Stock Exchange), will maintain at least 75% of the capital and retain control of the company. The offering to qualified investors will be coordinated globally by Barclays, UBS, and Banco Santander; BNP Paribas and Citi will act as senior bookrunners; BBVA, CaixaBank, and ING will form the underwriting syndicate, with Rothschild & Co serving as financial advisor. The operator, its shareholders, and senior management will assume lock-up commitments, with execution and schedule subject to market conditions and CNMV approval of the prospectus.

DIGI Spain CEO Marius Varzaru stated that investment in its own network, technology, operational efficiency, and proximity to customers has always been a key element in consolidating the company's business model in Spain; this model aims to provide high-quality connectivity at highly competitive prices, relying on investment in its own network as a growth engine. The company is investing to expand fiber coverage and capacity, and accelerate the deployment of its own mobile network. The listing will provide the company with an additional source of capital, complementing the equity capital and bank loans that have supported growth to date; the company's listing on the Spanish stock exchange will enhance financial robustness and ties with the country, while the Group maintains a firm commitment to DIGI Spain and its long-term industrial plan, retaining control of the entity.