Macquarie Capital invest in the Spanish telecoms market

Anakiya supported Macquarie Capital, the advisory and principal division of the Macquarie Group, on its acquisition of a fibre broadband network in a move to create Spain’s first independent wholesale bitstream operator.

The network, acquired from MasMovil Broadband S.A.U. and MasMovil Ibercom S.A, currently operates across five of Spain’s largest cities and their metropolitan areas in Madrid, Barcelona, Valencia, Seville and Malaga.

The legal and commercial arrangements envisage MasMovil will be the first major customer of the network, through a long term agreement and a minimum volume commitment. The new business will operate as an independent wholesaler providing capacity to ISPs looking to supply broadband.