Telefónica to sell stake in FTTH business in rural Spain to CAA and Vauban

Telefónica to sell stake in FTTH business in rural Spain to CAA and Vauban

Spanish telecom firm Telefónica Group has agreed to divest a 45% stake in its fibre-to-the-home (FTTH) business in rural Spain for €1.02 billion to a French consortium of insurance firm Crédit Agricole Assurances (CAA) and asset management company Vauban Infrastructure Partners. The parties will subsequently create a new company called Bluevia Fibra for commercializing and […]