Arjun Infrastructure Partners and Aberdeen Investments have raised their holdings in Spain’s Onivia to 40% each, leaving Macquarie Capital with a 20% minority stake.
Onivia was established in 2019 as Spain’s first independent fibre network operator after Macquarie and Aberdeen acquired a fibre-to-the-home (FTTH) network from MasMovil. Arjun first acquired its stake in Onivia from Macquarie in 2022.
In 2024, the consortium further increased Onivia’s network coverage through the acquisition of an FTTH network from DIGI Spain Telecom.
Rohini Pahwa, partner at Arjun Infrastructure Partners, said: “Increasing our share in Onivia, alongside Aberdeen, underscores our long-term commitment in supporting the growth and expansion of Spain’s broadband infrastructure.
“We look forward to working closely with Onivia’s management team, Aberdeen and Macquarie Capital, to further strengthen the company’s position as the country’s leading independent wholesale fibre platform, delivering prime connectivity to millions of households.”
Ignacio Alario, concession infrastructure partner at Aberdeen Investments, said: “The increase in Aberdeen’s shareholding in Onivia reaffirms our commitment to fostering inclusive and sustainable growth by enhancing social infrastructure such as the Spanish fibre network.
“Aberdeen is delighted to provide continued support to Onivia’s management team as a strategic partner that contributes, together with Arjun and Macquarie Capital, to the achievement of its objectives.”
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