MasOrange, Vodafone Spain and GIC have signed an agreement to create an innovative fiber optic company (FiberCo) in Spain. Spain's largest fibre optic network is coming, as MasOrange, Vodafone Spain, and GIC team up in a €5 billion joint venture to boost digital infrastructure and sustainability across the country. Customers from both operators will be able to use this FTTH (fibre-to-the-home) network. MasOrange to hold a 58% stake in the co-controlled FiberCo joint venture with Vodafone Spain and. Spain's fixed broadband market took another significant step toward consolidation this week, with MasOrange and Vodafone Spain – now owned by UK-based investment firm Zegona – announcing the creation of the country's largest fibre network company in partnership with Singapore's sovereign wealth. Zegona Communications has confirmed a significant new partnership between Vodafone Spain, MasOrange, and global investor, GIC Private Markets, to establish FibreCo, a nationwide fiber network operator in Spain. (“MasOrange”) (together the “Parties”) have signed a confidential non-binding term sheet setting out the proposed key terms for a national network sharing agreement.
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