Digi to Launch IPO for Spanish Unit

Dow Jones06-29

Telecommunications operator Digi Communications said it plans to launch an initial public offering for its Spanish subsidiary, with an investment pledge that could value the business at up to 1.7 billion euros ($1.94 billion).

Romania's Digi decided to go ahead with an IPO of Digi Spain Telecom on Spanish stock exchanges, with an offering of newly issued shares valued at 150 million euros as well as a sale of existing stock, it said Monday. Digi Romania, currently the sole shareholder of the business, would retain a stake of at least 75% in Digi Spain after the IPO, the company added.

Spanish investor Global Portfolio Investments committed to invest 100 million euros in the offering under certain conditions, Digi said. One of the conditions is an offer price that would amount to a valuation for Digi Spain of up to 1.7 billion euros before the issue of new shares, the company said.

Digi Spain expects net proceeds from the primary offering of new shares of around 136 million euros, which will be used to fund growth projects, it said.

The timing for the offering and start of trading are subject to market conditions and approval of the IPO prospectus by the Spanish Securities Market Commission, Digi said.

Digi had previously said it was exploring options for its operations in Spain, where it is the fourth-largest mobile operator and generated 929 million euros in revenue last year.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

June 29, 2026 07:52 ET (11:52 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Digi Romania, currently the sole shareholder of the business, would retain a stake of at least 75% in Digi Spain after the IPO, the company added. \n\n\n  Spanish investor Global Portfolio Investments committed to invest 100 million euros in the offering under certain conditions, Digi said. 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