These new services will be provided based on the wholesale indirect access agreement concluded with Telefonica in Spain that will offer access to the broadband infrastructure of FTTH and ADSL of Telefonica.
In a first phase, the Digi Spain fixed internet and fixed telephony services are made available to customers from the community of Madrid, while further expansions are expected to other Spanish provinces where Digi Spain already enjoys a favorable penetration of its mobile services, the company said in a statement Wednesday.
With 14 million users at the end of the first half of 2018, Digi is the third largest player on the European cable market, after Altice and Liberty Global, according to a report to investors published on Digi’s website.
Digi’s net profit fell 51% to EUR15 million (RON70 million) and its revenue from the operations in Romania, Hungary and Spain rose 4.8% to EUR475 million (RON2.2 billion) year-on-year in the first half of 2018.
The company’s shares on the Bucharest Stock Exchange lost 23% since the beginning of the year.