Digi Communications backs Spanish subsidiary IPO

Business Forum
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million through a primary issuance of new ordinary shares.

The float, announced on 29 June 2026, represents a key step in the telecom group's broader exploration of strategic options for its Iberian operations.

The offering will comprise the primary issuance alongside a secondary offering of existing shares held by Digi Romania, which currently serves as Digi Spain's sole shareholder. 

The subsidiary has already secured a significant cornerstone backer, receiving a binding commitment of €100 million from Global Portfolio Investments. This investment remains contingent on an offer price that reflects a pre-money equity valuation of up to approximately €1.7 billion. Following the completion of the IPO, including any exercise of the secondary over-allotment option, Digi Romania is set to retain a dominant stake of at least 75% in the Spanish business.

Digi Spain intends to apply for admission to trade its ordinary shares on the Barcelona, Bilbao, Madrid, and Valencia Stock Exchanges through the automated quotation system, Mercado Continuo. 

The definitive timing of the float remains subject to market conditions and final prospectus approval from the Spanish Securities Market Commission (CNMV).

RECOMMENDED
Digi Communications reports 16% revenue growth on nine months
Industry

Digi Communications reports 16% revenue growth on nine months

Digi Communications has announced its Q3 2025 financial results, showing consolidated revenues of €561 million, up 14% compared to the same period last year. The telecom company achieved total revenues of €1.643 billion for the first nine months of 2025, representing a 16% increase year-on-year.

RECOMMENDED FROM THE HOME PAGE
Deloitte names new leader for its tech hub in Romania
Industry

Deloitte names new leader for its tech hub in Romania

Deloitte Technology Delivery Center announces the appointment of Emilia Dumitrescu as Managing Director, effective June 2026. She has also been promoted to Deloitte Partner and succeeds Marcus Williamson, Partner, Deloitte UK, upon the completion of his three-and-a-half-year mandate.

Energy

CIP reaches financial close on 392 MW Romanian wind project

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), announced financial close for the 392 MW Peștera II onshore wind project in Constanța County. The project represents one of the larger investments in new renewable energy infrastructure in Romania and one of the larger project finance transactions in CEE.