Digi Spain to launch €150 million IPO, retain 75% control

Digi Spain, the Spanish subsidiary of Romania‑based Digi Communications, announced an intention to list its shares on the Spanish exchanges in Barcelona, Bilbao, Madrid and Valencia. The offering will combine a primary issue of new shares worth about €150 million (net proceeds of roughly €136 million) with a secondary sale of existing shares by Digi Romania, the sole shareholder. An anchor investor, Global Portfolio Investments – the investment arm of the Domínguez de la Maza family (Grupo Mayoral) – has committed €100 million, valuing the pre‑money equity at up to €1.7 billion.

The transaction is structured to keep Digi Romania’s ownership at a minimum of 75 % after the IPO, preserving group control. The book‑building syndicate includes Barclays, UBS and Banco Santander as global coordinators, BNP Paribas and Citi as senior placers, and BBVA, CaixaBank and ING as guarantors, with Rothschild & Co advising. CEO Marius Varzaru said the flotation will provide “an additional source of capital” and “strengthen the financial solidity of the company while maintaining our ties to Spain.”

Digi Spain serves 11.4 million customers, holds about 14 % of the fixed‑broadband market and 13 % of the mobile market, posted €929 million in revenue and €175 million adjusted EBITDA for 2025, and expects 2026 revenue between €1.04 billion and €1.08 billion. The net proceeds are earmarked mainly for expanding its fibre‑to‑the‑home network and deploying its own mobile infrastructure.