Overview
- Telefónica sold an 8% stake in FiberPass for about €100 million and now holds 55% through Telefónica España (30%) and Telefónica Infra (25%).
- Vodafone España sold 32% for €400 million and retains 5%, sharply reducing its exposure to the joint fiber venture.
- FiberPass, launched in March 2025, reaches 3.7 million premises and serves 1.4 million customers with roughly 40% penetration.
- In August, GIC acquired 25% of the larger MasOrange–Vodafone PremiumFiber, delivering €1.4 billion to Vodafone and €3.2 billion to MasOrange and reshaping ownership.
- Vodafone España reported first‑half revenues of €1.79 billion, EBITDAAL of €664 million up 7.62%, and operating cash flow of €411 million up 30%, signaling progress in its transformation.