EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Adamo Telecom (“Adamo” or “the Company”) to Ardian Infrastructure (“Ardian”). Headquartered in Barcelona, Spain, Adamo is currently the fastest growing and leading open access rural fiber-to-the-home (FTTH) platform in Spain. With a unique nationwide footprint, the Company provides fixed broadband and mobile services to approximately 250,000 retail and wholesale subscribers.
Adamo pioneered fiber broadband services in the Spanish telecom market as the first provider to offer up to 1 Gb/s services. The Company employs 300 people, has a highly dedicated customer focus and provides high-quality and high-capacity services at competitive prices.
EQT Private Equity acquired a majority stake in Adamo in 2017 and has, together with its founders Fredrik Gillström and Xavier Viladegut, as well as the rest of the management team, supported Adamo in its mission to bridge the digital divide in rural Spain. During EQT Private Equity’s ownership period, Adamo has grown its fiber network exponentially from 100,000 homes passed in the Cataluña region to 1.8 million homes across a nationwide footprint through significant investments in organic network roll-out and through network acquisitions. In parallel, the Company has transitioned from a pure retail model into an open access platform, having secured wholesale contracts with four out of five national operators in the Spanish market, as well as with over 160 local operators.
Read more/Source: CisionNews
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