Singapore’s sovereign wealth fund GIC has acquired a 25% stake in a Spanish broadband venture, Reuters reports. The investment marks a significant move by the Asian fund into Europe’s telecommunications sector, underscoring growing interest in digital infrastructure amid rising demand for high-speed connectivity. Details of the transaction highlight GIC’s strategy to expand its portfolio in key global markets.
Singapore Fund GIC Acquires Significant Stake in Spain’s Broadband Market
GIC, Singapore’s prestigious sovereign wealth fund, has expanded its global footprint by acquiring a 25% stake in a leading broadband venture in Spain. This strategic move marks a significant investment in the country’s telecommunications infrastructure, aligning with GIC’s long-term vision of supporting key sectors poised for growth. The broadband company, recognized for its robust fiber-optic network and commitment to advancing digital connectivity, stands to benefit from GIC’s…
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Author : Mia Garcia
Publish date : 2025-08-04 18:46:00
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