FiberPass, the three way partnership created by Vodafone Spain and Telefónica, started working in March 2025
In sum – what to know:
AXA IM Alts acquires 40% of FiberPass – The investor joins Telefónica and Vodafone within the FTTH enterprise, with Telefónica preserving majority management.
FiberPass now covers 3.7M premises nationwide – The three way partnership serves 1.4 million FTTH clients as fiber demand continues to broaden throughout Spain.
Deal expands AXA’s digital infrastructure portfolio – FiberPass strengthens the agency’s European FTTH presence in a number one fiber market.
AXA IM Alts, Vodafone Spain, and Telefónica Spain have signed a binding settlement below which the previous will purchase a 40% stake in FiberPass.
As soon as the transaction closes — pending regulatory approvals — Telefónica will maintain 55%, Vodafone Spain will retain 5%, and AXA IM Alts will personal 40%. Telefónica will stay accountable for FiberPass.
FiberPass, the three way partnership created by Vodafone Spain and Telefónica, started working in March 2025. The corporate presently covers 3.7 million premises with fiber-to-the-home (FTTH) know-how throughout Spain and gives FTTH companies to 1.4 million Vodafone and Telefónica clients, reaching a penetration price of about 40%.
The brand new partnership brings collectively two main Spanish telecom operators and a number one European infrastructure investor to broaden nationwide FTTH companies and meet the rising demand for high-speed fiber connectivity. The deal can be anticipated to reinforce fiber broadband availability and repair high quality for households and companies throughout the nation.
FiberPass operates a next-generation FTTH community that gives high-quality fiber companies to its shareholders and different operators.
Vodafone Spain CEO José Miguel García mentioned: “This alliance between main operators and a long-term institutional investor will allow sooner, extra environment friendly, and extra sustainable broadband development throughout Spain. It additionally represents one other step in our technique to make Vodafone Spain a extra aggressive firm, making certain that our clients have entry to the perfect fiber networks and an distinctive service expertise.”
Mark Gilligan, head of infrastructure at AXA IM Alts, added: “We’ve been increasing our digital infrastructure portfolio since we started growing information facilities at Data4 in 2012. In 2018, we made our first fiber-to-the-home (FTTH) funding to construct the XpFibre community, which now reaches 7 million households in France. As we speak, we’re extraordinarily happy so as to add FiberPass to our digital portfolio in Spain, which already contains Lyntia Networks.”
“Fiber-to-the-home is central to our digital infrastructure technique. With rising demand for house connectivity pushed by streaming, distant work, and IoT adoption, it is a distinctive alternative to develop in one in all Europe’s most superior FTTH markets and inside a sector anticipated to just about double to $110 billion globally by 2030,” Gilligan added.
In January 2025, MasOrange and Vodafone Spain had reached a binding settlement to determine a joint fiber firm in Spain.
The brand new FiberCo will combine over 12 million actual property models from each MasOrange and Vodafone Spain, making it the biggest fiber community firm in Europe. The community will likely be devoted completely to serving MasOrange and Vodafone clients.
