CEO Serghei Bulgac told investors in a conference that listing the Spanish operations was “definitely a possibility for us,” but for the time being, the company did not have a clear timeframe or date set for launching an IPO. The exact translation of the statement in the context of the discussion with analysts reflects management’s cautious approach: they are looking at this strategic option, but no final decisions about the timing or the structure of a potential public offering have been made yet.
Amid rapid growth in Spain—where revenue and customer base have grown significantly in recent years, the idea of listing the local subsidiary is becoming increasingly relevant. Spain is one of the group’s key markets, with a significant contribution to the group’s consolidated revenue, which stood at about EUR2.22 billion in 2025, up 15% year-on-year.
There are already signs of preparations for such an operation on the financial market. In 2025, Digi hired the investment bank Rothschild to assess the possibility of an IPO of the Spanish business, with a potential valuation of the subsidiary of around EUR2.5 billion, according to market sources.
(English version by Loredana Fratila-Cristescu)