Among its strategic priorities are extending ultrafast broadband coverage to the entire Spanish population and preparing its networks for 5G, thus closing the digital gap between urban and rural communities.
The government has set an ambitious target of 100 per cent of the population to have access to internet speeds in excess of 100 Mbps by 20251.
It comes as demand for reliable ultrafast broadband in Spain is expected to grow significantly over the next few years as changing working practices lead to more remote working.
Onivia doubled in size in 2021, following the acquisition of a majority stake in a rural FTTH business. The scale of the combined network provided Onivia with greater national presence.
In 2022, Macquarie Capital brought onboard long-term investor Arjun Infrastructure Partners to support plans to continue to grow and expand Onivia’s network across Spain.
The establishment of Onivia created a wholesale only fibre network which can deliver more flexible, secure broadband for both large and small internet service providers in Spain.
Macquarie Capital saw an opportunity to create Spain’s first independent wholesale FTTH network which has proven to be a game changer for the Spanish fibre market, helping both large and small internet service providers offer greater choice and better service to end users in both urban and rural areas alike.”
Managing Director, Digital Infrastructure Investing, Macquarie Capital