„This first investment covers 1.35 million homes passed, while the deployment of the entire Network will cover an additional number of 1.15 million homes passed, implying a total investment amount of up to EUR 300 million. The total investment will be committed in substantially equal parts by Digi Spain and abrdn plc, potentially also involving bank financing,” reads the company’s report.
The investment is part of the development of a FTTH network with the aim of covering up to 2,500,000 homes in the provinces of Almería, Cádiz, Córdoba, Granada, Huelva, Jaén, Málaga and Sevilla.
Digi Communications in the first half of 2023 reported total revenues worth EUR809.3 million, up 12.9% from the year-earlier period, while profit from continuing operations went down by 12.7% to EUR26.8 million.
Adjusted EBITDA excluding the impact of IFRS 16 stood at EUR236.8 million in January-June 2023, up from EUR206.6 million in the first half of 2022.
Revenue from Romania in the six months ended June 30, 2023, stood at EUR474.4 million, 4.5% higher year on year.
(English version by Catalina Apostoiu)