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Thursday, December 7, 2023

DLA Piper helps Adamo with its fiber optics expansion in Spain

DLA Piper has advised Adamo Telecom on its acquisition of various fiber optics businesses from Wifilinks, Wifiblaster and Conred in Valencia and Andalusia, continuing with the company´s expansion in rural fiber optics network in Spain

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Adamo has been one of the operators most committed to the deployment of rural fibre in Spain in an attempt to bridge the digital divide between cities and rural areas in the country. The deployment of fibre optics in Spain has not only covered large urban centres; high speed has been extended to rural areas in an attempt to improve connectivity for users and businesses far from the city. High speed is a pending issue in rural areas, and Adamo has specialised in this field.

Adamo, acquired by Ardian in 2021, and carried out in 2020 various financing deals and also secured state aid to carry out its plans.

The company has recently closed the acquisition of the fiber optics business of Wifilinks in Valencia, the one of Wifiblaster in Andalusia, and the one of some municipalities in Andalusia belonging to Conred.

DLA Piper advised Adamo Telecom with a Corporate team made up of partner Joaquín Echánove and senior associate Héctor Gómez.

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