M&A News: Singapore’s GIC Expands into Europe with $1.6B Spanish Broadband Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
0mins
Source: TipRanks
GIC's Investment in Spanish Telecom: Singapore’s GIC is set to acquire a 25% stake in a fiber-optic broadband joint venture involving MasOrange and Vodafone Spain, valued at approximately $1.6 billion, enhancing GIC's presence in the competitive Spanish telecom market.
Market Dynamics and Company Strategies: The joint venture will create one of the largest fiber broadband companies in Europe, with MasOrange aiming to reduce debt and Vodafone Spain focusing on lowering leverage and returning cash to shareholders amidst increasing competition against Telefónica.
Analyst Views on TEF
Wall Street analysts forecast TEF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TEF is 3.96 USD with a low forecast of 3.96 USD and a high forecast of 3.96 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 3.810
Low
3.96
Averages
3.96
High
3.96
Current: 3.810
Low
3.96
Averages
3.96
High
3.96
About TEF
Telefonica SA is a Spain-based integrated and diversified telecommunications group operating in Europe and Latin America. The Company's main purpose is to provide all kinds of public and private telecommunication services, as well as auxiliary or complementary services related to telecommunications in Spain and abroad. As the parent company of a group of enterprises that offers both fixed and mobile communications, Telefonica SA is a fully standalone company whose shares are traded on the continuous market of the Spanish stock exchanges and on the New York and Lima stock exchanges. Through its global subsidiaries The Company services clients (all size businesses, individuals and networks) by implementing telecommunication solutions, cybersecurity, mobile contracts, broadband and wireless, AI and blockchain technology innovations among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
