Singapore’s GIC to take 25% stake in Spanish broadband venture, FT reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 03 2025
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Source: Reuters
GIC Investment: Singapore's GIC is set to acquire a 25% stake in a new fibre optic broadband venture between MasOrange and Vodafone Spain, valued at approximately 1.4 billion euros ($1.6 billion).
Background of the Venture: The partnership was formed after Zegona Communications and Vodafone Spain agreed to create the fibre network company, with Zegona holding a 10% stake and seeking additional investors for the remaining shares.
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.
