Blueviathe wholesale rural fiber operator controlled by Telefónica, has acquired several networks from the telecommunications operator Excom in what is its first purchase operation in Spain since the startup Prom in 2021.
The operation has already been approved in the first phase by the National Markets and Competition Commission (CNMC) and will mean expanding the rural network of this company, in which Telefónica brought in as partners Preach (brand of the French bank Credit Agricole) and the infrastructure investment fund Vauban. The acquired assets are concentrated in Andalusia, as revealed to THE WORLD sources close to the operation.
Excom It is an operator that has grown by acquiring local operators and their networks. The group, led by Luis Abenza Sánchezhas been in this business for more than 20 years and specializes in towns with less than 25,000 inhabitants.
The company received 58 million euros of financing Cartesia last year to accelerate the purchase of operators. Its shareholders also include Formentor Capital. The company had already divested part of its networks in operations with Adamo and Inveready in recent years.
For Telefónica, this means a reinforcement of its rural capacity in the midst of a warming market, with the acceleration of specialized projects such as Adamo and Avatelamong others, as well as the future financial muscle that the joint entity they form will have Orange and MásMóvil. This has also made it easier for the CNMC to approve the operation.