Crédit Agricole Assurances (CAA) and Vauban Infrastructure Partners have signed an agreement with Telefónica Group to acquire a 45% stake in Bluevia Fibra.

Bluevia Fibra is a unique platform for the commercialization and deployment of a fiber network (FTTH) in Spain, mainly in rural areas and with limited overlap with other networks. Bluevia will offer wholesale FTTH access to all telecommunication services providers.

Under the transaction agreement, the consortium formed by CAA and Vauban will acquire a 45% stake in Bluevia, while Telefónica Group will retain a 55% stake out of which 30% and 25% stakes will be held by Telefónica España and Telefónica Infra respectively. The transaction is subject to obtaining the corresponding authorizations from the regulatory authorities and the closing is expected by the end of 2022.