Announced
Completed
Financials
Sources
Tags
Acquisition
Cross Border
Completed
Telecommunications Services: Other
Single Bidder
Minority
Friendly
Internet
Private
internet service provider
Spain
Private Equity
Synopsis
EQT completed the €250m financing round for Adamo. Adamo was the first operator in Spain to offer 1kMbps fiber services. Its strategy is to deploy its network in rural areas where there is practically no high-speed internet access and where other operators often do not reach. "Adamo has again a great institutional support which is undoubtedly key to continue its successful path and, at the same time, it shows the capacity of growth ahead. From EQT we will continue to support the company in providing such an indispensable quality service in the rural regions of Spain," Carlos Santana, EQT Partners managing director.
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