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Euskaltel gets three bids for stake in broadband network unit, Expansion says


By Reuters Staff
2 Min Read
MADRID (Reuters) - Spanish regional telecoms operator Euskaltel has received three bids from buyout funds for a stake in its broadband network unit, Expansion newspaper reported on Thursday, citing unnamed financial sources.
Australia’s First Sentier Investors, Paris-based Infravia Capital Partners and Canada’s Fiera Capital are bidding for a stake of up to 49% of Euskaltel potential spin-off, the newspaper reported.
Euskaltel, which would keep a majority stake in the unit, is seeking to sell the stake as part of a financing plan for the 364 million euros it needs to invest in the unit between 2021 and 2023, the newspaper said. ....

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